XRP Hits Record Low Daily Close as Analysts See Continued Downtrend

XRP has reached its lowest daily close of 2026 at $1.027 on August 6, according to TradingView data.

This milestone marks a significant low point for the token, which briefly dipped to $1.009 on June 26 but recovered before closing the day.

Technical analyst ChartNerd believes that this could trigger a short-term rebound, expecting 'a decent bounce here,' although it is likely to be a relief rally rather than the start of a lasting trend reversal.

XRP's price has fallen nearly 17% against Bitcoin since mid-June, with ChartNerd arguing that this underperformance is likely to continue through the rest of the year.