As of August 7, 2026, XRP is trading around $1.03, having declined 1.53% in the past 24 hours and 3.85% over the last week. The cryptocurrency is consolidating after a subdued July that saw prices mostly range between $1.05 and $1.12. The token remains well below its 50-day and 200-day moving averages near $1.11 and $1.36, reflecting ongoing market caution.
Technical Structure and Seasonal Headwinds
August has historically been the flattest month for XRP, with an average return of just 0.43%. The token has closed lower in August for four consecutive years, marking the longest active losing streak for any month. Last August, XRP dropped 8%. While July has been positive every year since 2020—rising about 10% on average—this July saw only a 2% gain, closing at $1.06 from a starting price of $1.04. XRP can still move, but a steady catalyst is needed.
XRP currently trades with a bearish near-term bias, staying well under the 50-day, 100-day, and 200-day exponential moving averages (EMAs) at about $1.11, $1.19, and $1.38, respectively. The Relative Strength Index (RSI) at 37.38 hovers just above oversold territory, while the Moving Average Convergence Divergence (MACD) remains below zero with a negative line, indicating fading momentum with no clear reversal signal.
Key resistance levels are: the 50-day EMA near $1.11, the 100-day EMA around $1.19, and the flat barrier near $1.30. On the downside, near-term support sits at the psychological and structural base of $1.00. A decisive break below that level would likely open the door to further bearish moves.
ETF Inflows, Regulatory Delays, and Market Sentiment
According to SoSoValue, XRP spot ETFs recorded net inflows of $3.45 million. The Bitwise XRP ETF led with $2.89 million in net inflows, bringing its historical total to $510 million. The Franklin XRP ETF (XRPZ) followed with $561,600 in inflows.
The CLARITY Act remains the primary catalyst. Senate Majority Leader John Thune confirmed that the floor vote has been delayed but is expected once the Senate returns after the August recess. “The Dems are insistent on no CLARITY vote… I worked with sponsors of the bill. Senator Lummis was great, and we’re getting that queued up first thing when we come back,” Thune said.
Traders are closely monitoring the $1.03 support zone, with short-term long setups targeting $1.18 and longer-term perspectives emphasizing the need to reclaim $1.60 for any structural shift. Sentiment remains mixed, balancing accumulation near support against the absence of immediate catalysts.
Overall, August 2026 is likely to deliver range-bound trading rather than a decisive move. Holders and traders should keep an eye on the $1.05 support level and volume on any attempt above $1.22.
Frequently Asked Questions
- Why is XRP struggling to move higher in August 2026? XRP continues to trade below its major moving averages, reflecting weak momentum and cautious investor sentiment. The absence of a major near-term catalyst has kept the token within a narrow range.
- What are the key support and resistance levels for XRP? Immediate support lies around $1.00–$1.03, while resistance is seen near $1.11, $1.19, and $1.30. A sustained move above these levels could improve the technical outlook.
- How could the CLARITY Act impact XRP? If passed, the CLARITY Act could provide greater regulatory clarity for digital assets in the US, potentially boosting institutional confidence and supporting broader adoption of XRP-related investment products.
- Are XRP ETFs attracting institutional interest? Yes. According to SoSoValue, XRP spot ETFs continue to record positive inflows, led by the Bitwise XRP ETF. Continued capital inflows could strengthen long-term sentiment if the trend persists.
- What is the outlook for XRP in August 2026? Current indicators suggest XRP may remain range-bound unless a strong catalyst emerges. A breakout above $1.22–$1.30 with higher volume would improve the probability of a broader recovery, while a break below $1.00 could trigger additional downside pressure.
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