XRP price sits at $1.0029, down-0.6% over the past 24 hours. That’s a narrow move for a token that’s spent weeks compressing into an increasingly tight range. The bigger question isn’t today’s candle; it’s whether $1.00 holds as a floor or gives way to something uglier.
The setup has been building since early August. On-chain trackers flagged whale wallets adding 72 million XRP in recent accumulation, while exchange withdrawal transactions hit their highest level since 2019, typically read as a signal that holders are moving coins off exchanges and into cold storage rather than prepping to sell.
TradingView also noted a brief dip below $1 that triggered stop-loss liquidations before price snapped back above the level. Whale buying against a backdrop of technical damage is an odd combination (accumulation during weakness usually means one side is wrong).
Zoom out, and the broader market backdrop is defensive rather than aggressive. Quiet accumulation against a bearish chart is exactly the kind of setup that either resolves into a sharp reversal or a capitulation flush. The technicals below suggest it’s still leaning toward the latter.
Can XRP Price Hit $1.09 This Week?
$XRP just hit its lowest weekly close in nearly 2 years at $1.029.
What happened here? pic.twitter.com/T85aqZmejr
— Ash Crypto (@AshCrypto) August 10, 2026
XRP trades at $1.0029, essentially flat on the day but sitting beneath every major moving average on the daily chart: EMA20 at $1.04, EMA50 at $1.09, EMA200 at $1.35.
That’s a full bearish stack, and it’s been in place for weeks. Daily RSI14 reads 35.86, soft-oversold, not extreme, while MACD has gone flat at -0.02 against a -0.02 signal line, suggesting momentum has stalled rather than accelerated lower.
Pivot math puts XRP price support at $1.00 and resistance at $1.01, an unusually tight band that reflects just how compressed this market has become.
Bull case: a reclaim of $1.04 (EMA20) opens a path toward $1.09.
Base case: continued chop between $0.99 and $1.01 while volatility (ATR14 at 0.02) stays compressed.
Bear case: a clean loss of $1.00 with volume sends price toward the lower Bollinger Band near $0.99 and potentially the $0.96–$0.97 zone flagged by Kraken.
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Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key Levels
A bearish stack across every timeframe, momentum that’s gone quiet, and a token pinned to a single psychological level- that’s not a comfortable spot for XRP holders waiting on upside.
If $1.00 breaks, the next stop isn’t far below, and traders chasing this chart are betting on a bounce that the data isn’t confirming yet. That’s pushed some capital toward earlier-stage plays with more room to run before hitting resistance ceilings.
Bitcoin Hyper ($HYPER) is one of those plays, a Bitcoin Layer 2 network built with Solana Virtual Machine (SVM) integration, aiming to deliver smart contract speeds faster than Solana itself while settling back to Bitcoin’s base layer for security.
The presale has raised $33,028,042.99 so far, with tokens priced at $0.0136846 and staking rewards on offer at an unspecified high APY.
Its pitch: fix Bitcoin’s slow transaction speeds and lack of programmability with a decentralized canonical bridge for BTC transfers, without altering Bitcoin’s underlying trust model.
DISCOVER: Next Possible 1000x Crypto in 2026
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