XRP is trading at $1.044 as of 03:43 UTC on August 6, 2026, down 2.17% over the past 24 hours after slipping through the $1.05 level that had held as support since June (CoinGecko). XRP is Ripple's payments token, a digital asset that settles cross-border transfers on the XRP Ledger, and $1.05 was the floor of a descending triangle that Benzinga flagged on August 4 as the last level standing between spot price and $1.00. That floor is gone now, and the pattern's downside target sits exactly where the chart said it would.
This piece walks through the break, the ETF flow numbers most coverage is reading backward, and the two levels that decide if $1.00 prints next.
- Live price: XRP trades at $1.044, down 2.17% over the past 24 hours (CoinGecko, 03:43 UTC, August 6, 2026).
- Broken level: The $1.05 descending-triangle support gave way, the last floor Benzinga identified before $1.00 (August 4).
- Next support: $1.00 is the next level down, with no meaningful floor charted between here and there.
- ETF AUM: The 7 spot XRP ETFs hold roughly $1B in combined assets, even though cumulative net inflows total about $1.51B (u.today, August 5, citing Farside).
- Inflow streak: XRP ETFs have gone four straight sessions without a net outflow, July 31 through August 4.
The Break: XRP Loses the Only Floor Left Above $1.00
XRP has been compressing into a descending triangle since May, a pattern where lower highs squeeze against a flat line of support until the range runs out of room. That flat line sat at $1.05, and it had already survived several tests through June and July before finally giving way overnight into August 6. Benzinga called the setup plainly on August 4, writing that the $1.05 floor was the only level standing between spot price and $1.00, and that descending triangles statistically resolve to the downside more often than not.
The break itself was not violent. XRP eased from the low $1.06 range down through $1.05 without a single sharp liquidation candle, which is its own signal. A slow bleed through a well-tested level usually means sellers absorbed what little demand was left rather than being forced out, and that makes the floor harder to reclaim on the first attempt. For a full walk-through of how XRP approached the $1.09 line during the prior test of this range, our July piece on that level covers the setup this pattern grew out of.
Wednesday's split stock tape and the Fed's fading hike odds are their own story, covered in today's macro piece, and they carried only modest crossover into crypto positioning overnight.
Our Own Coverage Just Flipped From Ceiling to Floor
Our coverage has spent roughly nine sessions writing about the $1.08 ceiling above XRP, the line that capped every bounce and outlasted a Fed decision without breaking. That ceiling is not the story anymore. The level that matters now sits below the price, not above it, and the honest read is that the range XRP spent most of the summer defending has broken to the downside instead of resolving up.
That is a meaningful pivot, not a footnote. A market that spends nine sessions fighting a ceiling and then loses its floor in the same week has told you something about where the pressure actually sits. Our August 2 piece on ETF buyers stepping in under $1.08 captured the last version of that ceiling story, and this article is the update. The fight moved lower, and the chart moved with it.
The ETF Gap Nobody Is Explaining Correctly
Seven spot XRP ETFs are trading in the United States, holding roughly 992.4 million XRP tokens and carrying cumulative net inflows of about $1.51 billion since launch (u.today, August 5, citing Farside). Combined assets under management across those funds sit near $1 billion right now. Read those two numbers side by side and they look contradictory. Investors put in $1.51 billion, yet the funds are worth $1 billion today.
The gap is a mark-to-market story rather than a redemption one. Most of that $1.51 billion arrived when XRP traded well above where it sits now, and the shares track the token's price every day rather than the price on the day money went in. The fund still holds close to the same number of tokens it always did. Those tokens are simply worth less in dollars than they were when investors bought in, and that arithmetic alone accounts for most of the shortfall between inflows and AUM. Most coverage treats a low AUM figure as evidence of investors fleeing, when the flow data says the opposite is happening. Our academy explainer on reading ETF flow data walks through this distinction in more detail for any fund that tracks a moving token price, XRP's included.
The flow side backs that up. Dated rows, verified individually rather than lumped together, show the streak building even as price fell:
|
Date
|
Net flow
|
|
July 29
|
$584,710
|
|
July 30
|
$5.98M
|
|
July 31
|
$7.69M
|
|
August 3
|
$1.15M
|
|
August 4
|
$0
|
|
August 5
|
Not published at the time of writing
|
Four straight sessions without a net outflow, running from July 31 through August 4, is not the pattern you would expect if the AUM drop reflected panic selling. It looks more like holders sitting still while the mark-to-market value of their position falls around them. That is a different trade than an exodus, and it changes how a reader should weigh the AUM headline against the flow data sitting right next to it.
Levels That Matter From Here
With $1.05 gone, the chart narrows to two questions. Does anything reclaim it, and does $1.00 actually print? The ladder above and below current price, each level attributed to its own source:
|
Level
|
Price
|
What it is
|
|
Resistance
|
$1.15
|
Parabolic SAR flip point
|
|
Resistance
|
$1.09
|
20-day EMA
|
|
Current
|
$1.044
|
Live spot, CoinGecko, 03:43 UTC Aug 6
|
|
Broken support
|
$1.05
|
Former descending-triangle floor, Benzinga
|
|
Next support
|
$1.00
|
Psychological level, last line before an air pocket
|
The 20-day EMA at $1.09 is the first real overhead test, and it now sits well above spot, roughly 4.4% away. The Parabolic SAR flip at $1.15 is further out and would require a sharper reversal than anything the chart has produced in weeks. On the downside, $1.00 is the only level analysts have identified with any conviction, because the descending triangle offered no intermediate floor between $1.05 and the round number.
What Reclaims $1.05 vs. What Confirms $1.00
A reclaim needs a daily close back above $1.05, not an intraday wick through it. XRP has produced wicks above broken support before that failed to hold by the close, and a close is the only version of a reclaim that actually repairs the chart. Watch the ETF flow data alongside price. If the no-outflow streak extends through a lower price zone, that argues for accumulation rather than capitulation, and a reclaim becomes more likely on the next bounce attempt.
Confirmation of $1.00 works the other way. A daily close below roughly $1.02 to $1.03, with volume that exceeds the recent average, would tell you sellers are pressing rather than just drifting through thin resistance. A first net outflow session on the ETF side, breaking the current streak, would add weight to that case. Neither signal has fired yet as of this writing.
Cardano is running its own countdown into the weekend, with its CME futures seasoning period completing Saturday, August 9, a separate calendar story covered in today's Cardano piece. Back on XRP, the next few sessions matter more for confirming direction than for producing a big single-day move.
Frequently Asked Questions
Will XRP go below $1 in August 2026?
XRP is trading at $1.044 after losing the $1.05 descending-triangle support that had held since June, and $1.00 is now the only level chart analysts have identified between here and lower prices. A daily close below roughly $1.02 to $1.03 on rising volume would be the signal that the move is confirming rather than stalling. Nothing has confirmed that break as of this writing.
Why is XRP dropping today?
XRP lost the $1.05 floor of a descending triangle pattern that Benzinga flagged on August 4 as the last support level before $1.00. The decline has been a slow grind lower rather than a sharp liquidation event, which typically means sellers absorbed demand at the level rather than being forced out. That makes the floor harder to reclaim on the first retest.
Are XRP ETFs seeing outflows right now?
No, the seven US spot XRP ETFs have gone four straight sessions without a net outflow, from July 31 through August 4, and August 5's print had not been published at the time of writing. The AUM figure sitting near $1 billion against $1.51 billion in cumulative inflows reflects the token's lower price marked against existing holdings, not investors pulling money out.
What is the next resistance level for XRP if it recovers?
The 20-day EMA near $1.09 is the first overhead test, roughly 4.4% above current spot. The Parabolic SAR flip point at $1.15 sits further out and would require a sharper reversal than the chart has shown in recent weeks.
Bottom Line
The $1.05 floor that held since June is broken, and our own coverage is flipping from a nine-session ceiling story to a floor story because that is what the chart is actually doing. Reclaim $1.05 on a daily close and the summer range holds, with the 20-day EMA at $1.09 as the next test. Lose it on a daily close below roughly $1.02 to $1.03 with volume behind the move, and $1.00 becomes the target with no chart-based floor identified in between. The ETF data argues for patience over panic, four sessions without an outflow even as the AUM figure fell, but that streak is worth watching session by session rather than assuming it holds automatically. Whichever way it breaks, the level to watch is below the price now, not above it.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency trading involves substantial risk. Always conduct your own research before making trading decisions.
