XRP price risks $1 breakdown as ETF demand fades

cryptonews08-06 21:30

XRP traded near $1.05 on Aug. 6 after extending its decline for a fourth consecutive session, leaving the token close to the psychological $1 support level. Summary XRP traded near $1.05 after ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXRP price risks $1 breakdown as ETF demand fades\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-06 21:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/xrp-price-risks-1-breakdown-as-etf-demand-fades/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>XRP traded near $1.05 on Aug. 6 after extending its decline for a fourth consecutive session, leaving the token close to the psychological $1 support level.\n\n\nSummary\n\n\n\nXRP traded near $1.05 after ...</p>\n\n<a href=\"https://crypto.news/xrp-price-risks-1-breakdown-as-etf-demand-fades/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XRPM","symbol_name":"Amplify XRP 3% Monthly Premium Income ETF","start_time":0,"source_url":"https://crypto.news/xrp-price-risks-1-breakdown-as-etf-demand-fades/","article_id":"2657632011","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/xrp-price-risks-1-breakdown-as-etf-demand-fades/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2657632011","pubTimestamp":1786023020,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"XRP traded near $1.05 on Aug. 6 after extending its decline for a fourth consecutive session, leaving the token close to the psychological $1 support level.XRP traded near $1.05 after four consecutive daily declines kept sellers firmly in control Thursday.U.S. spot XRP ETFs recorded $3.58 million in net outflows during Wednesday’s trading session overall.Daily RSI remained below 40, while bearish MACD readings confirmed weak momentum across the market.A sustained break below $1 could expose $0.88, although that target remains unconfirmed and speculative.Buyers must reclaim $1.11 first, while $1.50 would provide stronger evidence of a confirmed reversal.The $1 area has repeatedly limited XRP’s downside since November 2024. Price spent much of February through June between roughly $1.18 and $1.55 before losing the lower edge of that range. Since then, buyers have defended a narrower band between $1 and $1.18, but each rebound has struggled to establish a higher high.Earlier in July, XRP ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRPM":"Amplify XRP 3% Monthly Premium Income ETF","BK4585":"ETF&股票定投概念","XRPZ":"Franklin XRP ETF","XRPK":"T-REX 2x Long XRP Daily Target ETF","TOXR":"21shares XRP ETF","XXRP":"2倍做多XRP ETF-Teucrium","XRPC":"Canary XRP ETF","UXRP":"Proshares Ultra XRP ETF","GXRP":"Grayscale XRP Trust ETF","XRPR":"REX-OSPREY XRP ETF","XRP":"Bitwise XRP ETF","BK4550":"红杉资本持仓","BK4588":"碎股","XRPI":"1倍XRP ETF-Volatility Shares","BITW":"Bitwise 10 Crypto Index ETF","XRPT":"2倍杠杆XRP ETF-Volatility Shares","FDN":"First Trust Dow Jones Internet I"},"translate_title":"随着 ETF 需求消退，XRP 价格面临下跌 1 美元的风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDN":1.5,"TOXR":1.5,"XRPC":1.5,"XRPT":1.5,"XRPZ":1.5,"GXRP":1.5,"XXRP":1.5,"XRPM":1.5,"UXRP":1.5,"XRPR":0.6,"XRP":1.5,"XRPI":1.5,"BITW":1.5,"XRPK":0.6},"content_text":"XRP traded near $1.05 on Aug. 6 after extending its decline for a fourth consecutive session, leaving the token close to the psychological $1 support level.\n\n\nSummary\n\n\n\nXRP traded near $1.05 after four consecutive daily declines kept sellers firmly in control Thursday.\nU.S. spot XRP ETFs recorded $3.58 million in net outflows during Wednesday’s trading session overall.\nDaily RSI remained below 40, while bearish MACD readings confirmed weak momentum across the market.\nA sustained break below $1 could expose $0.88, although that target remains unconfirmed and speculative.\nBuyers must reclaim $1.11 first, while $1.50 would provide stronger evidence of a confirmed reversal.\n\n\n\nAccording to crypto.news market data, the token traded within a 24-hour range of $1.04 to $1.07, falling 1.1% during the period and 64.3% over the past year.\nThe token’s market capitalization stood near $65.5 billion, while daily trading volume was about $1.28 billion. XRP remains roughly 71% below its July 17, 2025 record of $3.65. The scale of that decline leaves the market testing the foundation of the breakout that carried XRP above $1 in late 2024.\nXRP price faces its most important support test\nThe $1 area has repeatedly limited XRP’s downside since November 2024. Price spent much of February through June between roughly $1.18 and $1.55 before losing the lower edge of that range. Since then, buyers have defended a narrower band between $1 and $1.18, but each rebound has struggled to establish a higher high.\nA daily close below $1 would not guarantee an immediate fall toward $0.50. It would, however, place the token below the base of its earlier recovery and expose lower chart levels. As previously reported in earlier XRP support analysis, traders have identified $0.85 and $0.70 as deeper areas if the psychological floor fails.\nThe latest chart supplied for this analysis shows immediate support near $1.04 to $1.05. Former support around $1.055 to $1.06 has also become short-term resistance following the recent trendline break. A rejection from that area could return attention to $1 and $0.96.\nThe larger trend remains weak. XRP has recorded lower highs since reaching $3.65 in July 2025, while several consolidation periods have failed to create a lasting recovery. Longer-term XRP market analysis has also documented the gap between Ripple’s business expansion and the token’s declining market value.\nETF outflows weaken a U.S. demand signal\nU.S. spot XRP exchange-traded funds recorded $3.58 million in net outflows on Aug. 5 after muted activity during the previous session. The withdrawal came while XRP traded near the bottom of its daily range. Although modest relative to cumulative fund inflows, the latest figure adds to evidence that institutional demand has slowed.\nEarlier in July, XRP funds ended a nine-week inflow streak and recorded several sessions with no net movement. In recent ETF demand coverage, the token remained weak even when regulated funds continued absorbing supply. ETF purchases alone have not been strong enough to reverse the wider downtrend.\nThe weakness also comes despite progress by Ripple. The company received full authorization under the European Union’s Markets in Crypto-Assets framework on July 6. Ripple said its Luxembourg license permits regulated crypto services across all 30 European Economic Area countries.\nAs crypto.news reported in Ripple’s European licensing update, the authorization completed the company’s MiCA requirements. However, regulatory progress for Ripple does not guarantee increased demand for XRP or a higher token price.\nTechnical indicators keep sellers in control\nThe daily chart remains bearish, with the token trading below its main moving averages and struggling to recover above $1.10. The supplied chart places the relative strength index at 39.47, below its moving average of 44.14. An RSI below 50 indicates weak momentum, although the reading is not deeply oversold.\nXRP price chart, source: crypto.news\nThe moving average convergence divergence indicator also remains negative. The MACD line is near minus 0.0130, below the signal line around minus 0.0108, while the histogram sits near minus 0.0023. These readings show that downside momentum remains active rather than confirming a reversal.\nMarket analyst EGRAG CRYPTO described $1.05 as support but “not confirmation.” The analyst placed $1.11 as the first sign of strength, followed by $1.21, $1.28 to $1.30 and $1.38. A full-bodied three-day close above $1.50 to $1.51 would offer stronger evidence that a bottom has formed.\n\n#XRP 3-Day – Symmetrical Triangle Chart – Do you still remembered it:  💡As you can see that the bearish roadmap has largely played out in this Chart: 👉Multiple gravestone doji rejections👉Breakdown below the triangle structure👉Continued compression near $1.05👉A… pic.twitter.com/zCSYhD9fCA— EGRAG CRYPTO (@egragcrypto) August 6, 2026\n\nThe analyst’s $0.88 measured-move target remains “technically possible,” but it is a chart projection rather than a verified forecast.\nCryptorphic separately identified $1.055 to $1.06 as resistance following the trendline breakdown. The analyst said rejection from that zone “could” send the token toward $1 to $0.96. That scenario also remains conditional on sellers preventing a recovery above the former support area.\nWhat happens next for XRP\nThe immediate decision sits between $1 and $1.11. Holding $1 would preserve the current range and leave room for another recovery attempt. Reclaiming $1.11 would mark the first improvement, while a move above $1.21 would challenge the recent sequence of lower highs.\nA close below $1 would strengthen the bearish setup and bring $0.96 and $0.88 into focus. Continued trading beneath that level would make the deeper $0.50 region more relevant over time, but no direct move toward that target has been confirmed.\nETF activity will remain another test of demand. A U.S. filing shows that the 21Shares XRP ETF sponsor intends to enter a new FTSE benchmark agreement around Aug. 24 and end its existing CF Benchmarks agreement on Aug. 31. The operational change does not predict fund flows or XRP’s direction.\n\n\n  \n\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        \n\n\n\n\n\n\n                Read more:\n            \n\n                Ethereum price reclaims $1,900, can bulls crack $2,000 next?","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2657632011","isCrawlerRequest":true}