XRP traded near $1.05 on Aug. 6 after extending its decline for a fourth consecutive session, leaving the token close to the psychological $1 support level. According to crypto market data, the token traded within a 24-hour range of $1.04 to $1.07, falling 1.1% during the period and 64.3% over the past year.
Market Analysis
The token’s market capitalization stood near $65.5 billion, while daily trading volume was about $1.28 billion. XRP remains roughly 71% below its July 17, 2025 record of $3.65.
Technical Outlook
A daily close below $1 would not guarantee an immediate fall toward $0.50, but it would place the token below the base of its earlier recovery and expose lower chart levels. The $1 area has repeatedly limited XRP’s downside since November 2024.
ETF Demand
U.S. spot XRP exchange-traded funds recorded $3.58 million in net outflows on Aug. 5, adding to evidence that institutional demand has slowed. The weakness comes despite progress by Ripple, which received full authorization under the European Union’s Markets in Crypto-Assets framework on July 6.
