Back to Guavy Wire

Crypto

XRP Stuck in Downtrend Amid Macro Headwinds

Guavy AI Editorial Team Published August 3, 2026

Instruments

BTC XRP

XRP's price has been stuck in a downtrend, trading around $1.06 and down 1.75% on the day.

The digital asset is also 43% lower year-to-date and 31% below its 200-day moving average.

A clear downtrend remains, with resistance at $1.15 and support at $1.00.

Despite breaking a descending trendline, XRP has not shown momentum to sustain a rally.

Macro factors such as a steady Fed rate, weak Bitcoin performance, and historically poor August seasonality are weighing on XRP's outlook.

The Wire

Keep reading for free.

You've read 3 free articles in the last 24 hours. Create a free account for unlimited access, no card required.

Create free account Already have an account? Sign in

No spam. Unsubscribe anytime.

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy