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XRP tests $1 support amid bearish pressure, with recovery uncertain as selling slows but buying remains weak.

Technical Signals
07 Aug 2026
Tokenpost
View Source
Bearish
pluang ai news

XRP price is under bearish pressure, testing the crucial $1 support level after failing to break above its 20-day and 50-day moving averages. The cryptocurrency trades below major moving averages, signaling a continued downtrend since June's sharp drop. Although selling momentum appears to be weakening due to declining volume, buyers have not shown strong interest, keeping recovery uncertain. A decisive move above the 20-day moving average and increased buying volume are needed to confirm a bullish reversal, while a drop below $1 could lead to further losses.

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