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XRP holds key $1.06 support amid mixed signals, with potential rise to $1.64 or drop to $0.62.

Technical Signals
05 Aug 2026
Blockonomi
View Source
Neutral
XRP holds key $1.06 support amid mixed signals, with potential rise to $1.64 or drop to $0.62.

XRP traded near $1.07, holding just above critical support at $1.05 to $1.06 despite a slight 0.9% decline. Open interest in XRP futures fell to a six-month low as leveraged positions unwind, with balanced liquidations and neutral funding indicating a reset rather than forced selling. Analyst Ali Charts highlights $1.06 as the crucial level; holding it could lead to gains toward $1.35 and $1.64, while a breakdown might push prices down to $0.80 or $0.62. Meanwhile, U.S. spot XRP ETFs saw four consecutive days of inflows totaling $15.4 million, showing investor interest despite weak price action. Ripple's legal issues with the SEC are settled, and the company recently invested in new tools to enhance its XRP Ledger infrastructure.

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