XRP is trading near $1.07 on August 5, 2026, clinging to a support zone that's been key since late June. The token fell 0.9% in 24 hours, stuck just above the $1.05 to $1.06 floor that buyers keep defending.
Volume sits at $911.7 million. Market cap stands around $66.7 billion, keeping XRP as the sixth largest cryptocurrency.
Open interest dropped to $2.25 billion, the lowest level in six months. That's significant because it means leveraged traders are unwinding positions, not piling in. CryptoQuant data shows liquidations split evenly between longs and shorts, suggesting a reset rather than a panic sell-off. Funding rates sit near neutral.
The daily chart tells a bearish story. XRP has collapsed from above $2.50 down to its current level, now consolidating near the range bottom. RSI reads 43.71, below the neutral 50 mark. MACD leans negative, with the line at -0.0110 sitting just under its signal line.
A close below $1.05 opens the door to $1.00 and the late-June lows near $1.01. Analyst Ali Charts calls $1.06 the deciding level. Hold it, and bulls can target $1.35 and $1.64. Lose it, and the path clears toward $0.80 and $0.62.
There's one counterintuitive bright spot. U.S. spot XRP ETFs logged four straight days of inflows despite the weak price action. Futures volume sits near $1.35 billion, though both volume and open interest fell over the past day, down 10.27% and 5.59% respectively.
A move back above $1.10 would be the first sign buyers are returning, with $1.13 to $1.15 as the next hurdle.
This article is for informational purposes only and should not be considered financial advice or investment guidance.
