XRP Near $1.04 as $1.51 Billion in ETF Flows Fails to Stop the Slide

XRP faces a decisive test near $1.00

At its lowest daily close of 2026, XRP has returned to a clearly watched area. Current market data show a market cap of $64.31 billion and 24-hour volume of $1.60 billion, while analysts are focused on whether the asset can hold the $1.00 to $1.03 region. That zone previously attracted buying interest in June, so it remains the near-term decision level rather than a remote support test.

The chart still looks weak. XRP has been rejected at the 50-day EMA, failed to reclaim the 20-day EMA, and has now slipped back to levels last seen at its June bottom. If buyers cannot hold the support zone, the market is more likely to revisit lower levels than to start a clean reversal.

ETF inflows show interest, but not urgency

The most important split in the market right now is between accumulated interest and active buying pressure. US-listed spot ETFs still show cumulative inflows steady at $1.51 billion, while total assets under management stand at $1.00 billion. Recent activity, however, has been muted, including mild inflows of $1.15 million on Monday. That suggests institutional interest remains, but not the kind of aggressive demand that typically forces a near-term price rebound.

Futures positioning also lacks conviction

Futures data tell a similar story. Perpetual futures open interest is 2.14 billion XRP, only slightly up from the previous day and still below the July peak of 2.37 billion XRP. That looks more like cautious participation than fresh leverage-led conviction.

Price action reinforces that read. XRP is down about 20% over the past month and remains near the edge of $1. If buyers were firmly in control, those flow and positioning numbers would likely be doing more work. For now, they look more like a cushion than an engine.

Why downside still has the edge

XRP has now retraced to its June bottom, which keeps the near-term bias on the defensive. The trend is down, and XRP remains down about 20% over the past month. Unless buyers act quickly, the path of least resistance still appears lower.

What bulls need to prove

A credible reversal would require two steps. First, XRP would need to hold $1.00 to $1.03 long enough to stop making fresh lows. Second, buyers would need to reclaim the 20-day EMA. Without that, the market is still better described as testing support than regaining leadership.

This is not a broken chart in every sense. XRP still shows a volume-to-market-cap ratio of 0.0249, indicating that liquidity remains intact, and futures positioning at 2.14 billion XRP is elevated but not extreme. Those factors leave room for a rebound if sentiment improves. They do not, on their own, justify assuming one is already here.