XRP on Coinbase fell to $0.89. The coin has not been cheaper since November 2024. Over the quarter it lost 36% and is falling faster than Bitcoin and Ethereum, both on the week and on the month.
Coinbase is a major American crypto exchange. XRP is a cryptocurrency that trades there alongside Bitcoin and Ethereum.
For a trader, these are weeks of one-way movement in altcoins. There is less money on exchanges to buy the dip.
How deep did XRP fall?
The low came overnight on the weekend, then the price pulled back to $0.97.
- above $3.60 - the price in July 2025, from where the countdown down began
- minus 24% - over four weeks
- minus 36% - over the quarter
Why is the fall so fast?
- Money is leaving funds. From American XRP ETFs, $19.13 million was withdrawn last week, more than in any week since March 2026, according to SoSoValue. An XRP ETF is an exchange-traded fund through which the asset is bought like an ordinary stock. Since launch in November 2025, these funds have gathered about $1.5 billion, while funds for Bitcoin and Ethereum count in the several billions.
- Stablecoins are shrinking. The combined market cap of USDT and USDC dropped to $244 billion, the lowest since September 2025. In early May it was about $270 billion, and for seven weeks in a row the chart has been going down almost in a straight line. Stablecoins are coins with an exchange rate pegged to the dollar; money is brought into crypto through them.
Glassnode: "Stablecoin supply is contracting fast, down $17 billion over the month - the sharpest since 2022."
What does this mean for a trader?
The whole market is falling, not just XRP. The rest of crypto is at lows not seen since August.
- $64,795 - BTC, down 3.57% in a day
- $1,808 - ETH, down 5.07%
In weeks like these, altcoins move wider than the market. XRP loses twice as much as BTC and ETH over the same stretch, so for crypto it is worth picking a challenge with the right set of instruments.
What to watch?
The nearest demand reference point is the evening data on flows into crypto ETFs. It comes out every weekday.
- flows into XRP ETFs - will money return after the $19.13 million withdrawal
- USDT and USDC market cap - will the chart reverse after seven weeks down
- the list of instruments at prop firms - it can be seen in the prop firm catalog
Did you short XRP overnight this weekend?
The 36% quarterly drop took weeks, and such a move is traded in both directions. First check whether you will be allowed into XRP. At some prop firms the instrument list ends at BTC and ETH. Then look at the weekend: at some firms crypto trades on Saturday and Sunday, at others the position is closed on Friday evening, and the sell-off comes at night. Both restrictions are written in the selection terms, and reading them is cheaper than finding out on the account.