In the latest Ripple news, XRPprice entered August 2026 at $1.06, down approximately 43% from its January high of $2.41, with the $1.00 support level now functioning as the only demand zone bulls have successfully defended across the entire calendar year. The token’s weekly momentum readings have fallen to levels last seen in the 2022 bear market when XRP traded near $0.29.
This is not simply a correction after a strong run. It is a structural question about whether the 2026 XRP bull thesis, built on ETF inflows, regulatory clarity, and institutional adoption, can survive contact with the data now available.
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XRP Technical Setup: Death Cross, Descending Channel, and the $1.20 Cap
The XRP price is trading below both its 50-day simple moving average near $1.21 and its 200-day SMA near $1.37, a configuration that technical analysts describe as a death cross, implying continued selling pressure absent a significant catalyst.
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