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XRP price falls 2.8%, struggles to hold $1 amid weak momentum and selling pressure

Market News
17 Aug 2026
Crypto news
View Source
Bearish
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XRP price dropped 2.8% over the past week, briefly falling below the key $1 level due to weak momentum, ongoing capital outflows, and a broader downtrend. The token has lost about 73% from its cycle high above $3 and faces resistance near $1.037, with support around $0.975. Technical indicators like the Chaikin Money Flow remain negative, signaling seller dominance, though short-term signs show some buyer interest near $1. Immediate price moves hinge on breaking resistance at $1.011 or falling below support at $0.98, with analysts divided on whether XRP has bottomed or could drop further.

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