XRP is trading close to $1.05 today, and this price sits at the center of the whole market debate right now. Traders are watching this level closely because it could decide where $XRP goes next.
On the daily chart, the altcoin sits inside a symmetrical triangle. The price is squeezed between rising support near $1.05 and falling resistance near $1.12. This kind of setup usually ends with a sharp move, one way or the other.
As per Ali, if buyers defend $1.00, chart watchers say the next stops could be $1.35 and then $1.64. That would mark a solid recovery from where $XRP has been stuck for weeks.
According to Javin Marks, they are even eyeing a longer-term target near $3.50 if the triangle breakout plays out and momentum keeps building through the rest of the year.
A drop below this level opens the door to $0.80, and possibly $0.62 after that. Those numbers come from on-chain resistance zones tracked by Glassnode data.
The Relative Strength Index sits near 45, which is neutral but leaning soft. The MACD is edging toward its signal line, which could hint at a bullish cross forming soon, though nothing is confirmed yet.
On-chain data shows large wallets moving more than 1 million coins now make up 55.3% of all outflows from Binance. That is a big share, and it suggests bigger holders are pulling coins into private wallets instead of parking them on exchanges.
The exchange supply ratio has dropped to 0.03, which is very low. In simple terms, there is less $XRP sitting on exchanges ready to be sold. Lower available supply can sometimes mean less selling pressure if demand holds steady.
$XRP ETFs have not slowed down either. On August 3, these funds pulled in $1.15 million in new money. Cumulative inflows are now at $1.51 billion.
Date | Daily Net Inflow | Cumulative Inflow | Net Assets |
Aug 3, 2026 | $1.15M | $1.51B | $1.01B |
Jul 31, 2026 | $7.69M | $1.51B | $988.78M |
Jul 30, 2026 | $5.98M | $1.50B | $1.00B |
Jul 27, 2026 | $592.47K | $1.50B | — |
Jul 21, 2026 | $5.66M | $1.49B | $1.06B |
Net assets sit around $1.01 billion, which is about 1.49% of XRP's total market cap. Canary has reportedly seen the strongest demand among the ETF issuers.
The US Senate has not scheduled a vote on the CLARITY Act yet, and only four days remain before the August recess begins.
Once lawmakers leave for recess, attention usually shifts to midterm election campaigning. Some senators have warned that missing this window could delay meaningful crypto legislation until as late as 2030.
That kind of delay matters for XRP and the wider crypto market, since regulatory clarity often affects how institutions decide to invest.
$XRP is at a real crossroads. Price action, whale behavior, and ETF flows all look constructive right now, but the triangle pattern means a breakout in either direction is possible.
Traders should watch the $1.00 level closely over the coming days. A confirmed close above $1.12 would support the bullish case, while a break under $1.00 would open the door to lower prices.
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk. Always do your own research and consult a licensed financial advisor before making investment decisions.