Ripple [XRP] has extended its weekly losses to about 7%, taking the yearly drawdown to 69.4%. Hence, XRP recorded its lowest price level since breaking above $1 in the last quarter of 2024.

Moreover, XRP’s weakening price action is setting the stage for a possible drop below $1.

The technical outlook of the altcoin has been bearish since early July 2025, when it recorded a high of $3.658. Since then, the altcoin has been dropping, having a bearish crossover in October the same year.

XRP remains below its 9 and 21 SMAs, while the Money Flow Index (MFI) has dropped into an oversold territory of 20.42. This capital outflow accelerates the risk of price falling below $1.

The recent low of $1.0049, the weakest since November 2024, marks a multi‑year psychological level, reflecting the most bearish sentiment in nearly two years. 

Apart from a bearish market structure, fundamentals and network activity were adding to the pressure.

The Clarity Act was put on hold, delaying crypto adoption in the United States.

As a result, XRP ETF inflows slowed down, with weekly net inflows declining from over $100 million in late 2025 to just a few million. For instance, only $14.86 million of XRP ETFs were bought last week.

When it comes to network activity, the number of monthly active addresses has decreased by 9.40%. The metric has plummeted to 175.1K since peaking at 654.2K in December 2024, representing a 73% drop.

Moreover, the monthly token trading volume is down 38.7%, with a reading of $29.6 billion. Notably, daily exchanges of XRP valued $1 billion on average.

Fees reinforced the low network usage. In just a year, the fees from the XRP Ledger declined from $111.387K to about $10K, a tenfold loss.

Liquidity on the chain was also facing a difficulty. The market cap of stablecoins on the XRP Ledger was at $855.6 million, a 14.8% reduction. This reflected that aggregate demand for stablecoins on the chain was declining.

• XRP price recorded the worst weekly performance in almost 2 years, with the price crashing to $1.0049. 
• Low XRP Ledger activity, a delayed Clarity Act, and declining ETF inflows contributed to the altcoin’s weakness.