XRP price tests $1.06 as open interest hits six month low

XRP extended its decline on Aug. 5, 2026, trading near $1.07 as buyers struggled to move the token away from its lower range. Summary XRP trades near $1.07 as weak momentum keeps the token pinned above crucial technical support. CoinGlass data shows open interest near $2.25 billion after leveraged positions continued unwinding across exchanges. CryptoQuant sees balanced liquidations and neutral funding, suggesting positioning reset rather than forced capitulation currently. U.S. spot XRP ETFs reportedly logged four consecutive inflow days despite the token’s weak price. A sustained break below $1.05 could expose $1.00, while $1.10 remains the first recovery hurdle. crypto.news data showed XRP down about 0.9% over 24 hours, with trading volume near $911.7 million and market capitalization around $66.7 billion. XRP remained the sixth largest cryptocurrency. The decline left XRP close to the $1.05 to $1.06 area that has repeatedly attracted buyers since late June. However, momentum indicators, spot flows and derivatives positioning offer little evidence of a confirmed recovery. The current setup is not a typical liquidation collapse. Leverage has declined, funding remains close to neu...