TLDR
- XRP trades near the key $1.06 support level as its daily triangle pattern tightens.
- Bulls must defend the $1.03 to $1.06 zone to limit further downside risk.
- A daily close above $1.15 with strong volume could confirm a bullish breakout.
- XRP futures volume fell 4.36%, while open interest remained almost unchanged.
- CryptoQuant data showed leverage near a six-month low as traders reduced risk.
XRP price trades near $1.06 as buyers and sellers wait for a clear move from a tightening symmetrical triangle. The current XRP price prediction depends on whether bulls can protect support between $1.03 and $1.06.
The token faces resistance between $1.12 and $1.15. A daily close above that range, backed by stronger volume, could support a bullish breakout. A close below $1.03 could expose XRP to deeper losses.
XRP Price Prediction Tracks Triangle Breakout
The daily chart shows XRP moving close to the triangle’s tip. This setup often leads to a sharp move when price breaks either boundary. Traders are watching volume for confirmation.
XRP currently lacks strong buying pressure. However, lower selling spikes suggest the market has moved away from the heavy outflows seen in late 2025. CoinGlass recorded a net spot outflow of about $2.94 million on August 5.
Futures Leverage Falls as Traders Cut Risk
XRP futures volume stood near $1.35 billion, while open interest reached about $2.27 billion. Volume fell 4.36% in 24 hours, while open interest declined only 0.01%.
CryptoQuant data also placed open interest near a six-month range low of 362 million to 369 million. The estimated leverage ratio fell toward 0.139 to 0.142. Funding stayed between negative 0.0024 and positive 0.010.
These figures show that traders reduced exposure during the recent price decline. Long and short liquidations alternated, which points to a broad reset in positioning rather than a one-sided market flush.
XRP Ledger RWA Activity Continues to Grow
Real-world asset activity on the XRP Ledger expanded during the past month. The number of RWA holders rose 25.16%, while the value of represented assets increased 2% to $4.06 billion.
XRP Ledger RWA Push Is Starting To Pay Off
Ripple’s push for tokenized assets is gaining momentum on the $XRP Ledger.
The number of RWA holders has climbed 25.16% over the past month. Represented asset value also increased 2% to $4.06 billion.
Ripple recently disclosed new… pic.twitter.com/J4zxPoISgR
— BSCN (@BSCNews) August 5, 2026
Ripple also disclosed investments in two companies focused on improving XRP Ledger infrastructure. This growth supports wider network use, although it has not yet produced a strong short-term price response.
Whale Transfers Slow Near Key Support
Large XRP Ledger transfers have fallen sharply. Transactions worth more than $1 million dropped from 70 during the past week to only two today.
The NVT ratio also fell 42.7% against its three-month average. Transaction count dropped by a smaller 23.3%. Market direction remains uncertain until price leaves the pattern with clear trading volume. For now, bulls must defend $1.06 and reclaim $1.15 to improve the near-term XRP price prediction.
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