XRP traded near $1.02 on August 12, 2026, gaining 1.46% with a daily volume of $1.90 billion and a market cap of $63.80 billion. The $1 support level is critical: holding it could open a path toward $1.05–$1.08 resistance, while a breakdown risks a slide to $0.90–$0.86 or even $0.50. Analyst Diana noted that the broader trend remains bearish, with XRP forming lower highs and lower lows. A sustained recovery would require breaking above the key weekly resistance at $1.40.
XRP price has recovered after briefly testing the psychologically important $1 level, currently trading near $1.02 with a 24-hour gain of 1.46%. Daily trading volume stands at approximately $1.90 billion, and market capitalization is close to $63.80 billion.
According to market analyst Diana, the $1 support is the deciding factor for XRP’s near-term outlook. She stated, “Holding this area could allow buyers to drive the price towards resistance areas, while falling below it will open doors to $0.90 and $0.86.”
The nearest resistance zone is between $1.05 and $1.08. A move above that range would indicate rising buying pressure, bringing the $1.14–$1.20 levels into play. Breaking above $1.20 with momentum could expose the $1.29–$1.37 resistance band.
However, these targets represent milestones in a recovery, not a trend reversal, because XRP remains below the key weekly resistance of $1.40. The broader technical picture remains bearish, as XRP continues to produce lower highs and lower lows.
A short-term bounce from $1 to $1.08 or even $1.20 should be viewed cautiously as a relief rally that does not alter the market structure. A true reversal would require a higher high and a weekly close above $1.40.
If XRP fails to hold $1 support, downside risks could escalate. The first bearish target is the $0.90–$0.86 range, and a further breakdown could bring the $0.50 level into focus. The next important move for XRP depends on its ability to stay above $1 and reclaim resistance levels.
