XRP's Two-Year Streak Above $1 on Thin Ice
XRP's two-year streak above $1 is now within a rounding error of snapping. The cryptocurrency is trading at $0.995, down -0.2% over the past 24 hours, sitting right on the line that has defined its post-election run.
The streak has been under threat twice this month already, with a bridge exploit draining roughly $200,000 through a connector between the TX Chain and the XRP Ledger, briefly pushing XRP under $1 on August 11 and again on August 14. Buyers stepped back in both instances before the daily close.
XRP's immediate support band runs from $1.00 down to roughly $0.90, with $0.95 as the first psychological checkpoint if the round number breaks. Resistance is stacked in layers above: $1.04, $1.06 first, then $1.07, $1.09, with heavier supply parked around $1.18, $1.20.
XRP's price is currently trading below both its 50-day and 200-day moving averages, inside a multi-week descending channel, a structure technicians generally read as a continuation pattern rather than a reversal signal.