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XRP struggles near $1.07 amid weak momentum and balanced liquidations, with key support at $1.05 critical for next moves.

Market News
05 Aug 2026
Crypto news
View Source
Bearish
XRP struggles near $1.07 amid weak momentum and balanced liquidations, with key support at $1.05 critical for next moves.

XRP's price hovered near $1.07 on August 5, 2026, showing weak buying momentum and trading close to a crucial support range of $1.05 to $1.06. Despite four consecutive days of inflows into U.S. spot XRP ETFs, the token's price remains confined within a lower range, reflecting limited conviction among traders. Derivatives data indicates a reduction in leverage and balanced liquidations, suggesting a positioning reset rather than forced selloffs. The key levels to watch are support at $1.05 and resistance near $1.10 to $1.15; a break below support could expose $1.00, while a recovery above resistance would signal stronger buyer control. Overall, XRP remains in a low conviction range with subdued momentum and no confirmed breakout yet.

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