XRP Crashes Below Crucial Support Level as Bullish Momentum Builds
XRP has closed its lowest daily session of 2026, trading at $1.02 with a 0.9% drop over the last 24 hours.
The token's price is now under pressure as it faces its first hurdle at the key support level of $1.00, after eight to ten consecutive weeks of rejections at the 50-day exponential moving average (EMA).
JPMorgan reported that XRP led ETF inflows in July 2025, surpassing Bitcoin, Ethereum and Solana relative to their assets under management.
Analysts with a bullish outlook note that the long-term market structure remains intact, citing bullish RSI divergence and historical Elliott Wave patterns that suggest XRP could be approaching conditions needed for a Wave 3 breakout, potentially leading to gains of up to 2,000% if it manages to reclaim the resistance range between $1.30 and $1.60.