XRP price risks $1 breakdown as ETF demand fades

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 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. According 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. The 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. XRP price faces its most important support test The $1 area has rep...