Crypto
XRP Triangle Breakdown Triggers $1 Support Fears
XRP dropped below a key triangle support pattern on August 6, breaking a four-day losing streak. The token fell to $1.0476, down 1.29%, and is now under pressure at a psychological level.
The price of XRP sits roughly 71% below its all-time high of $3.65 set in July 2025. A breakdown below the Bollinger Band lower boundary at $1.0362 would put $1 directly in play.
Spot XRP ETFs recorded $3.58M in net outflows on August 5, with Bitwise's XRP product absorbing the entire outflow. The RSI sits at 39.47, below its moving average of 44.14, indicating downside momentum remains active.