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Point of Focus
- XRP’s $1.01-$1.04 support zone is weakening.
- XRPL transactions fell by 44% over five days, signalling weaker network activity.
- A confirmed break below $1 could expose $0.97.
XRP is approaching a decisive moment as sustained selling pressure pushes the asset toward the psychologically and technically important $1 level.
Ripple’s backed token traded near $1.03 last week, inside a support zone between $1.01 and $1.04 that previously attracted buyers. This time, however, the response has been notably weak.
The technical deterioration is unfolding alongside institutional selling and a sharp slowdown in XRP Ledger activity. Together, these factors suggest XRP’s current weakness is not merely a reflection of broader cryptocurrency-market volatility.
Sellers retain control of the trend
XRP remains trapped inside a descending daily channel and continues to trade below its major moving averages.
The token’s sequence of lower highs also remains intact, confirming that sellers still control the broader market structure.
A recent recovery attempt stalled around $1.14-$1.15, preventing XRP from challenging the stronger resistance area between $1.24 and $1.29. On the four-hour chart, subsequent rebounds have become increasingly shallow, while price remains below a descending trendline near $1.07.
Holding the $1.01-$1.04 zone could generate a short-term rebound. Nevertheless, XRP would need to reclaim $1.07 and then overcome $1.13-$1.15 before the bearish outlook begins to improve meaningfully.
Institutional selling compounds the pressure
The weakness is being reinforced by evidence of declining institutional exposure.
SEC filings showed that Grayscale’s XRP Trust sold more than 103 million XRP, valued at approximately $180.78 million, during the first half of 2026.
XRP has also underperformed an already weak crypto market, suggesting asset-specific concerns are contributing to the decline.
With the token below its 50-day moving average of $1.09 and 200-day average of $1.32, institutional and technical signals currently point in the same bearish direction.
Network activity raises a demand warning
Adding to the concern, XRP Ledger transactions declined 44.1% over five days. Although short-term network data can be volatile, such a steep contraction points to cooling usage and weaker transactional demand.
That creates the risk of a negative feedback loop: falling activity undermines sentiment, deteriorating sentiment reduces buying demand, and weaker demand leaves important support levels more vulnerable.
XRP has fallen toward $1.01 extending its weekly decline to nearly 6% while repeated recovery attempts on the chart continue to face selling pressure.
The weakness is not limited to XRP. Bitcoin has failed to hold above $65K for four consecutive days, leaving the broader market… pic.twitter.com/pgeqCWvvHj
— 𝐌𝐚𝐱𝐢𝐂𝐚𝐥𝐥𝐬 (@MaxiCalls) August 11, 2026
A decisive break below $1.01 would shift attention first toward approximately $0.97. If selling intensifies, the more significant demand zone between $0.88 and $0.93 could become the next major target.
The bullish alternative requires buyers to defend $1 and force a breakout above the short-term descending trendline. Until XRP reclaims at least $1.09, and preferably $1.15, any recovery is likely to remain a relief bounce within a broader downtrend.
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