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XRP falls below $1, raising fears of a deeper drop to $0.70 but seen as a long-term buy opportunity.

Technical Signals
13 Aug 2026
Dailycoin
View Source
Bearish
pluang ai news

XRP recently dropped below $1 for the first time in about two years, breaking a key support level at $1.05. Analyst Edo Farina warns this could lead to a further decline toward $0.70–$0.72, but views the dip as a buying opportunity for long-term holders, suggesting XRP could eventually trade much higher. He advises dollar-cost averaging and cautions against leverage due to volatility risks. The proposed Clarity Act is unlikely to trigger an immediate rally, as market makers might sell into any initial price spike. XRP’s fundamentals remain strong with ongoing institutional interest in cross-border liquidity solutions.

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