XRP Price Breaks Key Support Levels as ETF Outflows Mount

XRP's price fell by 1.29% to $1.0476 on August 6, breaking below its triangle support and Bollinger Band lower boundary at $1.0362.

The last floor between the current price and $1 is now the Bollinger Band lower boundary.

Spot XRP ETFs recorded a $3.58M outflow on August 5, with Bitwise absorbing the full loss.

Evernorth's Chief Business Officer argued that XRP should be judged by its utility, not its price, highlighting its use in liquidity provision, settlement infrastructure, lending, and tokenized assets.