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XRP remains range-bound below $1.10 despite Ripple's EU approval and Evernorth's $1B accumulation plan.

Market News
01 Aug 2026
Tokenpost
View Source
Neutral
pluang ai news

XRP is trading tightly around $1.06, stuck below the key $1.10 resistance level despite Ripple securing EU regulatory approval under MiCA and Evernorth's proposal to accumulate $1 billion worth of XRP. Technical resistance, seasonal weakness in August, and macroeconomic uncertainty are limiting price momentum. The market awaits a decisive break above $1.10 or a drop below $1.00 to confirm direction, while Ripple's regulatory progress and Evernorth's plan offer potential long-term catalysts if executed successfully.

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