XRP Price Prediction After $1 Support Test

XRP price recently tested a major psychological barrier when it briefly slipped under $1 for the first time since November 2024. 

On August 11, the token printed a low near $0.9915–$0.9889 on Binance, its weakest level in roughly a year and about 72% below the $3.65 all-time high set on July 17, 2025.

Traders immediately zeroed in on the XRP $1 support as the make-or-break zone that could determine whether the broader downtrend accelerates or a rebound takes hold.

Key Takeaways

• XRP briefly lost the $1 level for the first time since late 2024 before reclaiming it, turning the zone into a critical XRP support test.
• Technical structure remains bearish inside a descending channel, with RSI and moving averages favoring sellers unless $1.06–$1.15 is reclaimed.
• Thin volumes, cooler inflation data, and mixed on-chain signals leave the door open for either a 30% rebound toward $1.30 or a deeper drop if $1 support fails.

The $1 Line Under Pressure

Multiple market voices had flagged the level in advance. “$XRP needs to stay above $1 otherwise things could get real ugly if it breaks $1 support,” one trader noted days earlier. 

Another observed that a daily close under $1 had not occurred since November 15, 2024, when XRP finished at $0.8922. After the August 11 dip, price recovered to trade around $1.00–$1.04, confirming that the zone is being actively defended, at least for now.

The brief break below $1 coincided with thin order books and a separate incident involving the Coreum-to-XRPL bridge. 

An attacker exploited a bug in the relayer logic (combined with the DefaultRipple feature) and drained roughly 200,000 XRP (about $200,000) from the bridge wallet.

The XRP Ledger itself was never compromised, and the attacker never needed to send XRP; the vulnerability was confined to the third-party bridge. 

Still, the episode added to short-term caution even though the absolute size of the theft was negligible relative to XRP’s multi-billion-dollar market capitalization.

Read Also: Is It True That Japan Is Converting Bank Savings Into $XRP?

XRP Technical Analysis: Descending Channel and Key Levels

Daily charts show XRP trading inside a multi-month descending channel. Price remains below the 50-day EMA (near $1.07–$1.08), the 100-day EMA (~$1.16–$1.25), and the 200-day EMA (~$1.35–$1.50). 

The SuperTrend resistance sits around $1.07, while the upper boundary of the channel continues to slope downward, creating a dense resistance cluster overhead.

Source: Bitrue Market

As of this article written, XRP price is still going strong above $1, raised +1.12%.

The immediate XRP support level is the $1 psychological and technical floor that has been tested repeatedly since late June.

A confirmed breakdown on elevated volume could open the path toward $0.80–$0.65 and, in a more severe scenario, the deeper $0.60–$0.50 demand zone that marked earlier cycle lows. 

Conversely, a sustained reclaim of $1.06–$1.15 would open targets at $1.30–$1.35 and potentially higher if momentum builds.

Momentum indicators currently favor the bears. The Relative Strength Index (RSI) has hovered in the mid-to-high 30s, below the neutral 50 line and near oversold territory, signaling that sellers retain control unless the oscillator can push back above 40 and the signal line. 

Trading volumes have spiked on the recent dip (up more than 100% in 24 hours at one point) but remain relatively thin as a percentage of market capitalization, meaning comparatively small flows can still move price.

On-chain data offers a mixed picture. Daily active addresses on the XRP Ledger have risen notably in early August, consistent with accumulation at the $1 zone. 

Exchange net inflows have declined while price has stabilized, suggesting that selling pressure is being absorbed. Larger holders appear to be buying the weakness rather than panic-selling, an accumulation signal frequently cited by community analysts.

Read Also: XRP Long Positions Rise to $2.16 Billion—Bullish Signal or Market Trap?

Macro and Institutional Backdrop

The broader environment has offered limited immediate relief. U.S. CPI data came in slightly cooler than the prior month, trimming odds of a September Fed rate hike and raising the possibility of a later move. 

Spot XRP ETF flows, however, have weakened sharply after strong early months, with recent weekly and monthly figures showing steep declines. Retail open interest in perpetual futures has held relatively steady, but it has not been enough to reverse the multi-month price slide.

Analyst views diverge on the medium-term outlook. Some see the current XRP $1 support as a potential “ultimate buying opportunity” ahead of possible regulatory clarity (including the stalled Clarity Act) and any rotation into altcoins if Bitcoin finds a cycle bottom. 

Others warn that a loss of the $1 floor on thin volume could extend the correction, especially if ETF demand remains muted and macro liquidity stays tight. 

Longer-term forecasts from certain institutions still project substantially higher prices by 2030, contingent on sustained institutional adoption and cross-border payment growth, but those targets sit well beyond the current technical battlefield.

Read Also: How to Buy XRP Stock 2026: Easy Way to Get Rich

Conclusion

XRP is currently locked in a critical XRP support test at the $1 level after briefly slipping below it for the first time since late 2024. 

Technical analysis shows the token remains inside a descending channel, trading beneath key moving averages with RSI still favoring sellers. 

While on-chain accumulation and cooler inflation data provide some support for a potential bounce toward $1.15–$1.30, the risk of a deeper drop toward $0.80 or lower remains if the XRP $1 support fails on volume. 

Weakening ETF inflows and limited near-term catalysts keep the near-term bias cautious, making the next few sessions decisive for whether bulls can reclaim control or bears push the price lower.

Stay informed on the latest XRP price action, technical developments, and broader crypto market moves by following the Bitrue blog for regular analysis and updates.

Read Also: How to Buy XRP Safely in 2026

FAQ

1. Will XRP drop below $1 again?

It already did briefly on August 11. A sustained daily close and follow-through below the XRP $1 support would increase the probability of a move toward $0.80–$0.65.

2. What is the most important XRP support level right now?

The $1 psychological and technical floor is the primary level under test. Below it, $0.80 and $0.60–$0.65 become the next major demand zones.

3. How does the recent Coreum bridge incident affect XRP?

The exploit was limited to a third-party bridge and did not compromise the XRP Ledger. The absolute amount involved was small relative to market size, though such events can temporarily weigh on sentiment.

4. What would a bullish reversal look like on the charts?

A decisive break and hold above $1.06–$1.15, accompanied by rising RSI above 40 and expanding volume, would open the path toward $1.30 and potentially higher.

5. Are XRP ETFs still attracting capital?

Early inflows were strong, but recent months have shown a sharp slowdown. Sustained institutional demand will be needed to support a lasting recovery from the current XRP support test.

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