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XRP price hovers near $1 as resistance and August loss streak persist
The XRP cryptocurrency is trading in a narrow band around $1.06‑$1.08 in early August 2026. Technical analysis shows strong resistance from the 50‑day EMA near $1.09, the 100‑day EMA around $1.10 and the 200‑day EMA near $1.20, while support sits between $1.05 and $1.06; a break below $1.00 would signal further downside. Momentum indicators such as the RSI are neutral (≈47), and trading volume remains subdued.
Whale inflows to Binance have fallen to roughly 3.6 million XRP per month, the lowest level on record, and open interest on XRP futures and options has contracted, although options open interest briefly surged 24‑fold to $58 million. On‑chain activity showed a brief surge past one billion XRP on August 1, followed by a rapid drop to about 100 million the next day. The XRP Ledger added 489,739 new accounts in the first half of 2026, indicating continued network growth.
Ripple’s engineering director Vijay Khanna called on XRPL validators to upgrade to version 3.2.1, a hot‑fix that blocks a manifest‑flood attack observed on July 31. The market also faces a four‑year August losing streak, with XRP ending each August in the red since 2022, prompting traders to watch whether the token can finally break the pattern.
Entities
August 1 2026 escrow release · Binance · Binance Coin · Bitcoin · BlockDAG · BlockDAG · CLARITY Act · Coinglass · CryptoQuant · Floppy (crypto enthusiast) · Ripple · Ripple Labs Inc.
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Support around $1.04‑$1.05 is critical for XRP.
- [○ 1 SOURCE] Short liquidation clusters are building above the $1.10‑$1.12 resistance zone.
- [● 3 SOURCES] A breakout above $1.12 is seen as the next test for a bullish rally.
- [● 2 SOURCES] Average monthly Binance inflows fell to about 3.6 million XRP, the lowest on record. blockonomi.com
- [● 2 SOURCES] Binance whale transfers of XRP have dropped sharply across major size bands. blockonomi.com
- [● 3 SOURCES] XRP's RSI is below the neutral 50 level, around 46 or low 30s.
- [● 4 SOURCES] XRP faces key resistance between $1.09 and $1.10.
- [● 4 SOURCES] XRP price is trading around $1.07‑$1.08.
- [● 2 SOURCES] XRP is below its 50‑day and 100‑day moving averages, which are near $1.09‑$1.10.
- [● 3 SOURCES] Key resistance for XRP is at the 50‑day EMA near $1.09, the 100‑day EMA near $1.10 and the 200‑day EMA near $1.20. www.tokenpost.com · u.today
- [○ 1 SOURCE] A cluster of short liquidations is building above $1.10‑$1.12, which could amplify buying pressure if breached.
- [● 2 SOURCES] Retail transfers of 1 K‑10 K XRP remain active but are insufficient to replace whale‑size volume. blockonomi.com