TLDR
- XRP trades near $1.07, holding just above key support at $1.05 to $1.06.
- Open interest fell to a six-month low near $2.25 billion as leveraged positions unwind.
- CryptoQuant data shows balanced liquidations and neutral funding, pointing to a positioning reset rather than a forced sell-off.
- U.S. spot XRP ETFs logged four straight days of inflows despite the weak price action.
- Analyst Ali Charts calls $1.06 the deciding level, with upside targets of $1.35 and $1.64.
XRP fell on Aug. 5, 2026, trading near $1.07 as buyers struggled to push the token higher.
The token was down about 0.9% over 24 hours. Trading volume sat near $911.7 million, with a market cap around $66.7 billion, keeping XRP as the sixth largest cryptocurrency.
The decline left XRP close to the $1.05 to $1.06 zone. This area has drawn buyers repeatedly since late June.
Leverage has dropped and funding sits close to neutral. Liquidations have also stayed fairly even between longs and shorts, which lowers the odds of a sudden forced sell-off.
Technical Picture Stays Weak
The daily chart shows XRP falling from above $2.50 to around $1.0676, now consolidating near the bottom of that range.
The relative strength index reads 43.71, below the neutral 50 mark and its own moving average of 44.87.
MACD also leans bearish. The MACD line sits near -0.0110, just under its signal line at -0.0101.
A daily close below $1.05 could open the door to the $1.00 level and the late-June lows near $1.01.
A move back above $1.10 would be the first sign buyers are returning, with $1.13 to $1.15 as the next hurdle.
Analyst Ali Charts posted that $1.06 is the deciding level for XRP right now. He said holding that spot could send price toward $1.35 and later $1.64, while a clear breakdown opens the door to $0.80 and $0.62. Other online targets calling for $23 or higher aren’t backed by current market data.
Derivatives and ETF Flows
CoinGlass data showed XRP futures volume near $1.35 billion, with total open interest around $2.25 billion. Both volume and open interest fell over the past day, down 10.27% and 5.59%.
CryptoQuant tracked XRP open interest dropping into a six-month range low, between 362 million and 369 million. The leverage ratio also slid toward 0.139 to 0.142.
Funding stayed between roughly -0.009 and 0.010. Long and short liquidations traded off rather than triggering a one-sided wipeout, which analysts read as a reset in positioning.
Spot flow data recorded a net outflow of about $2.15 million on Aug. 5, smaller than the outflow spikes seen in late 2025.
U.S. spot XRP ETFs logged four straight days of inflows totaling roughly $15.4 million, even as price stayed pinned near $1.08.
Ripple’s legal case with the SEC remains closed with a final judgment, including a $125.04 million penalty. The CLARITY Act is still waiting on a Senate floor vote.
On Aug. 3, Ripple announced investments in ZILO and Licuido, adding transfer agency and token issuance tools to its XRP Ledger infrastructure. The company did not disclose the investment amounts.
The post XRP (XRP) Price: Tests $1.06 Support as Open Interest Drops to Six-Month Low appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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