Ripple’s XRP Token briefly dropped below $1 on August 11, but since then has made a small recovery. CoinGecko data The chart shows that XRP has gained nearly 1% over the past 24 hours. Despite its recovery, XRP still trades in the negative zone on the other timeframes. It has fallen by nearly 5% within the last month and 67.6% during the last 12 months. We’ll discuss the next steps for XRP.
XRP Can it continue its rallying after recovering from the $1 level, or will it again fall?
XRP’s price is firmly supported around $1. In the past few months, the asset’s price has risen from $1 to $1.4 several times. XRP on the other had some price resistance near $1.14. It is possible that we’ll see the same pattern again. The XRP price could rise to $1.14, before it is rejected or enters a sideways trend.
Investors may wait until the US inflation numbers for July 2026, which are due to be released today, before they take any positions. There is a possibility that the crypto markets will experience increased interest if inflation figures cool off. Lower inflation could prompt the Federal Reserve’s to reduce rates. The oil price surge last month, due to the Strait of Hormuz being closed, may cause inflation to increase. Higher inflation could cause XRP’s rally to be cut short or face a correction.
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In either case, it’s unlikely that the price of XRP is going to drop below $1 in this cycle. Bitcoin (BTC), the market leader, is likely to be involved in any major price changes. BTC dominates the market, and XRP’s price is unlikely to rise without BTC first seeing a surge. Market is not yet fully recovered, and we might not even see a full-blown bull market by 2026.
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Source: watcher.guru
