XRP's Bearish Grip: Trading Below Major Movers Amid Weak Capital Flows

XRP's price action has been dominated by bearish momentum since its mid-June rejection near $1.29.

The token is currently trading below major moving averages and holding above key support around $1.05, but a run of lower highs and lower lows underscores the persistent bearish trend.

Derivatives metrics show falling open interest and eased leverage, while balanced spot flows and weak capital demand indicate traders are waiting for stronger signals before re-entering, limiting near-term recovery prospects for XRP and weighing on crypto adoption and market confidence.

The recent downturn followed a failed attempt to sustain gains near $1.29 in mid-June, with XRP forming a consistent sequence of lower highs and lower lows since then.