XRP Price Hovers Near $1.06 as Triangle Range Tightens
Key Takeaways
- •XRP is trading close to $1.06 support as a symmetrical triangle pattern narrows on the daily chart.
- •Bulls need to hold the $1.03 to $1.06 area, while a close above $1.12 to $1.15 could confirm a bullish breakout.
- •XRP futures volume was about $1.35 billion and open interest was about $2.27 billion, with traders reducing leverage during the recent decline.
- •Real-world asset activity on the XRP Ledger increased, with RWA holders up 25.16% and represented asset value rising to $4.06 billion.
- •Large XRP Ledger transfers slowed sharply, with transactions above $1 million falling from 70 over the past week to two today.
XRP is trading near the key $1.06 support level as a daily symmetrical triangle pattern narrows, leaving buyers and sellers waiting for a clear directional move. The setup matters because compressed ranges often keep price action tight until volume confirms a break, and the current structure has already drawn attention to both support and resistance levels.
The current XRP price outlook depends on whether bulls can defend the $1.03 to $1.06 zone. On the upside, resistance sits between $1.12 and $1.15. A daily close above that range, supported by stronger volume, could confirm a bullish breakout. A close below $1.03 could open the door to deeper losses.
XRP Price Prediction Tracks Triangle Breakout
The daily chart shows XRP moving close to the triangle’s tip, a setup that often precedes a sharp move once price breaks either side of the pattern. Traders are watching volume closely for confirmation, since a move without participation has been less convincing in recent sessions.
At present, XRP does not appear to have strong buying pressure. Even so, the size of recent selling spikes has eased, suggesting the market has moved away from the heavy outflows seen in late 2025. CoinGlass recorded a net spot outflow of about $2.94 million on August 5.
Futures Leverage Falls as Traders Cut Risk
XRP futures volume stood near $1.35 billion, while open interest was about $2.27 billion. Volume fell 4.36% over the past 24 hours, while open interest declined only 0.01%.
CryptoQuant data also showed open interest near a six-month range low of 362 million to 369 million. The estimated leverage ratio moved toward 0.139 to 0.142, and funding stayed between negative 0.0024 and positive 0.010.
The data indicate that traders reduced exposure during the recent price decline. Long and short liquidations alternated, pointing to a broad reset in positioning rather than a one-sided market flush.
XRP Ledger RWA Activity Continues to Grow
Real-world asset activity on the XRP Ledger expanded over the past month. The number of RWA holders rose 25.16%, while the value of represented assets increased 2% to $4.06 billion.
XRP Ledger RWA Push Is Starting To Pay Off
Ripple's push for tokenized assets is gaining momentum on the $XRP Ledger. The number of RWA holders has climbed 25.16% over the past month. Represented asset value also increased 2% to $4.06 billion. Ripple recently disclosed new… pic.twitter.com/J4zxPoISgR
— BSCN (@BSCNews) August 5, 2026
Ripple also disclosed investments in two companies focused on improving XRP Ledger infrastructure. The growth points to broader network use, although it has not yet translated into a strong short-term price reaction.
Whale Transfers Slow Near Key Support
Large XRP Ledger transfers have declined sharply. Transactions worth more than $1 million fell from 70 over the past week to just two today.
The NVT ratio also dropped 42.7% versus its three-month average, while transaction count fell by 23.3%.
Market direction remains unclear until XRP exits the current pattern with clear trading volume. For now, bulls need to defend $1.06 and reclaim $1.15 to improve the near-term XRP price outlook.