WARSAW, July 28, 2026, 00:15 CEST — Cryptocurrency markets kicked off the session
- XRP was at $1.0828 on Kraken, down 2.6% from its UTC opening level.
- In the same venue snapshot, it underperformed compared to bitcoin, ether and solana.
- Initial weekly inflows into U.S. spot ETFs were less than 1% of daily trading volume.
XRP slipped to around $1.08 early Tuesday in Europe, hovering close to its lowest level in 24 hours. Kraken listed the token at $1.0828, reflecting a 2.6% decline from its UTC opening price. The lowest price seen was $1.0810.
The drop was widespread, with XRP emerging as the weakest among the major tokens surveyed. Bitcoin slipped 1.1%, ether declined 0.7%, and solana decreased 1.8%.
| Asset | Kraken price | Change from UTC open |
|---|---|---|
| XRP | $1.0828 | -2.64% |
| Bitcoin | $64,643 | -1.06% |
| Ether | $1,940 | -0.68% |
| Solana | $75.33 | -1.80% |
XRP underperformed as trading volumes surged. According to CoinGecko, 24-hour turnover reached $986.5 million, a rise of 98.5% compared to the previous day. The most recent valuation put XRP’s market capitalization at $67.9 billion.
The recent ETF inflow appears modest compared to that activity. Early figures from SoSoValue indicate net inflows of $8.15 million over the past week. This represented roughly 0.83% of a single day’s token trading volume.
This movement accounted for about 0.012% of XRP’s market capitalization. While ETF demand was strong, it was not the main driver of Monday’s spot market activity.
The comparison does not assess direct effects on price. Turnover reflects total trades, whereas ETF flows indicate net new subscriptions. Nonetheless, the magnitude difference highlights how positive flows may occur alongside weakness.
XRP dropped 2.7% across seven days, according to CoinGecko. Over the same timeframe, the global cryptocurrency market slipped by just 0.4%.
Certain positioning metrics reflected a different trend. Holdings in wallets containing 100,000 to 100 million XRP increased by 2.8% over five weeks, according to data from Santiment reported by CoinDesk. In contrast, the smallest wallets reduced their balances by 5.2%.
That buildup has failed to produce lasting gains. XRP slipped back toward Monday’s low, with total volume nearly doubling.
The Federal Reserve’s July 28-29 meeting is expected to be the next major catalyst. The central bank’s target rate stays at 3.5% to 3.75%, after being left unchanged in June.
Nicolai Sondergaard, senior research analyst at Nansen, said the broader market was “holding range without strong buyers.” According to him, the direction for risk assets on Wednesday would likely depend on the Fed’s communication. CoinDesk
XRP approaches the meeting amid conflicting demand indicators. ETF inflows are still positive, with major wallets adding to holdings. However, both price and relative performance continue to reflect subdued marginal demand.
Risks: Cryptocurrency prices differ by platform and are in constant flux. ETF inflow and outflow figures can be updated. An unexpected move by the Fed or a major token transaction might sharply increase volatility.
