The XRP price is trading at $1.06, down -1% over 24 hours, with buyers struggling to keep the token above the critical $1.06 zone that has held since late June. The intraday range has been tight, with a low of $1.0646 and a high of $1.0787, signaling compressed volatility rather than genuine accumulation.
What happens next at this support floor could define XRP’s trajectory for the weeks ahead. XRP’s market cap sits near $66.7Bn, keeping it the sixth-largest cryptocurrency by that measure. 24-hour trading volume came in around $930M, meaningful in absolute terms but insufficient to suggest a conviction-driven move in either direction.
The relative strength index (RSI), a momentum oscillator that measures the speed and change of price movements, stood at 43.71, below the neutral 50 threshold and its own moving average of 44.87, a configuration that typically signals subdued buying pressure.
MACD (Moving Average Convergence Divergence, a trend-following momentum indicator) also reads mildly bearish, with the MACD line at approximately negative 0.0110, just below the signal line. This is a market coiling, not collapsing — but coiling downward.
Can XRP Price Reclaim $1.10 or Is a Break Below $1.05 Next?
🚀 $XRP's 8.5 year cup-and-handle formation stands out as one of the largest macro setups on any chart right now, fast approaching the golden pocket (0.618) which has the potential to underpin a major long-term uprising towards our FIB extensions of $8/$13/$27 ☕️ https://t.co/kWL1RkGTV2 pic.twitter.com/s6kBC0h6x4
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) August 4, 2026
At $1.0657, the XRP price is hugging the lower boundary of the $1.05–$1.07 support band that has repeatedly attracted buyers since late June. The 24-hour range of $1.0646 to $1.0787 underscores how little ground bulls are willing to defend above that zone. Volume near $933M is consistent with a consolidation phase rather than a directional flush.
Three scenarios frame the near-term setup:
Bull case: XRP holds the $1.05–$1.06 floor on a daily close basis, RSI stabilizes above 43, and a positive regulatory headline drives a retest of $1.15–$1.20 resistance. A confirmed break above $1.20 opens the door to the $1.50–$1.80 targets cited by retail strategists on TradingView.
Base case: Range-bound trading continues between $1.06 and $1.12 as the market waits for a macro or legal catalyst. Neither bulls nor bears show enough conviction to break the structure.
Bear case/invalidation: A daily close below $1.05 exposes the psychological $1.00 level and late-June lows near $1.01. XRP briefly pierced $1.05 on July 28 before recovering, so this scenario is not hypothetical; it has precedent.
Derivatives positioning offers limited comfort on either side. Funding rates are close to neutral, leverage has retreated, and liquidations have been relatively balanced over the past 48 hours. That reduces the risk of a sudden forced selloff, but it also tells you that no large cohort of traders is prepared to back a recovery with real size. Patient is not the same as bullish.
Bitcoin Hyper Eyes Early-Stage Upside as XRP Grinds Support
The XRP price compressed range is a familiar frustration: waiting on a token whose next 20% move depends on a regulator’s calendar. For traders weighing where asymmetric upside actually lives right now, the early-stage end of the market is drawing attention, specifically to infrastructure plays targeting Bitcoin’s own scalability limits.
Bitcoin Hyper ($HYPER) is a Bitcoin Layer 2, an additional processing layer built on top of the Bitcoin base chain, that integrates the Solana Virtual Machine (SVM), the execution environment that powers Solana’s smart contract speed.
The claim is direct: faster performance than Solana itself, applied to Bitcoin’s settlement layer, preserving Bitcoin’s security while adding programmability that the base chain lacks.
The presale has raised $33,002,521.93 at a current token price of $0.0136842, with staking available for early participants. The $33M raised positions it among the more substantive presale rounds in the current cycle.
Key infrastructure features include a Decentralized Canonical Bridge for BTC transfers, extremely low-latency transaction execution, and SVM-powered smart contracts.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
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