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XRP risks dropping below $1 amid weak momentum but shows signs of potential rebound.

Technical Signals
09 Aug 2026
AMBCrypto
View Source
Bearish
XRP risks dropping below $1 amid weak momentum but shows signs of potential rebound.

Polymarket assigns a 65% chance that Ripple's XRP will fall below $1, reflecting current weak momentum and rising leverage pressures. XRP has been consolidating around $1, but its performance against Ethereum is weakening, with XRP lagging behind ETH's strong gains. Despite this, XRP's fundamentals show promise, with steady token burns and increased network activity supporting potential recovery. The key question is whether bulls can hold support to avoid another sharp drop, with a possible rebound toward $1.50 if positive trends continue.

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XRP price has fallen to around $1.31, showing a weekly decline of about 6.5% amid weakening daily momentum. Analyst Ali Martinez suggests the price may test support near $1.25 before a potential rebound toward $1.42 or $1.60. The decline coincides wi...

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