According to external sources, the XRP is still hovering around US$ 1 this week, continuing to hold this whole number for most of the time since November 2024. However, from the daylight to the chorus, the graph signals are indicating that the pressure has not been lifted and the market has become more sensitive to the defence of this position.

One dollar is being tested.

The report mentions that the XRP ' s latest offer was $1.00, which dropped below $0.99 at one time and then returned to the integer. This price line has been compromised on two occasions during the month, but the purchases were recovered before the dayline closing.

One of the fluctuations related to a security incident on the bridge. After the use of the bridge linking TX Chain to XRP Ledger, approximately $200,000 was transferred and the XRP fell briefly to $1 on August 11th and August 14th.

According to reports, US$ 1 has become the most important short-line support area for XRP today. The previous round in November of 2024 had started close to the area, and then prices had risen to a historical high of about $3.65.

The dailies are weak, and the wiring is approaching the turning point.

On the technical side, the 50-day movement mean of the XRP daily index has broken the 200-day movement mean of the index, forming what the market often calls the “cross of death”. This usually means that short- and medium-term trends remain dominated by the seller.

At the weekly level, the 50-week average is still above 200-week average, meaning that the longer-term upper structure has not been completely destroyed. However, the two median lines are being kept close, and if the subsequent downward pressure continues, a strong weekly structure may be weakened.

The report also mentioned that the XRP had not recovered the shallow withdrawal of $1,0281. If the rebound continues, the more concentrated area of resistance above ranges from US$ 1.0754 to US$ 1.0965 and the higher range is close to US$ 1.1264.

  • Near-term resistance zone: $1.0754 to $1.0965
  • Higher resistance level: approximately $1.1264
  • Near end support bit: 0.98 US$ and 0.9061 US$

Whale buys and leverage increases.

In addition to the graphic signals, the financial structure of the market is of concern. The report cites data that, over the past week, giant whales have accumulated about 380 million XRPs in the vicinity of a dollar, but at the same time, additional market leverage has accumulated over $1.5 billion.

This means that, if the US$ 1 line is effectively broken, some of the high leverage is likely to face a concentrated silo, and thus price volatility may be magnified. In other words, the current purchase is still on the table, but the support is not strong.

At the macro and policy levels, the report also mentioned that the United States Senate had entered an August recess without a vote on Clarity Act and that the next realistic voting window for the bill on encrypted market structures had been postponed until mid-September. During the same period, the United States Securities Commission also cancelled a voting arrangement for the coded start-up financing rules.

Overall, the XRP is still at the top of key integers, but weak technology and limited policy catalytic, combined with increased leverage positions, continues to focus short-term observations on the market near the dollar.