XRP Price Holds to Near Two-Year Streak, But Charts Flash a Warning Sign

Crypto is grinding through what can be considered an extended bear market with no confirmed bottom in sight. Bitcoin is down more than 3% this week and stuck below $64,000, while Ethereum is struggling to hold onto $1,900, with traders still debating when this slide actually ends.

Wall Street is having a completely different Monday. The S&P 500 and Nasdaq are hovering near recent highs, with AI stocks catching another bid after Bloomberg reported Anthropic posted $11.5 billion in quarterly revenue and is now meeting banks about a possible IPO.

Crypto, in general, is starting the week mostly flat, with most of the coins in the top 10 moving less than 2% in either direction. For XRP, that’s arguably a good thing, considering how strong bears have been.

XRP price: Defending the dollar for the 635th day

XRP is slightly up 1.11% today, trading around $1.0046 after opening at $0.9935 and dipping to an intraday low of $0.9882. It’s a small bounce, but it matters.

XRP has closed above $1 every single day since November 2024, a streak that had reached 635 sessions as of last week. That streak nearly snapped twice this month already.

The scare came in part from a bridge exploit that drained roughly $200,000 through a connection between the TX Chain and the XRP Ledger, pushing XRP briefly under $1 on August 11 and again on August 14.

Buyers stepped back in before the daily close both times. This week’s chart shows the same story: XRP tagged $0.9862, a level last touched right before the November 2024 rally—the one traders took to calling the “Trump pump,” since it followed Donald Trump’s reelection—that eventually carried it to an all-time high of around $3.65.

On the daily chart, the technical damage is already done. XRP’s 50-day exponential moving average, or EMA, is trading below its 200-day EMA. EMAs smooth out price action to reduce all the noise you see on intraday sessions. When the shorter-term average crosses below the longer-term average, it forms a pattern on the charts that traders refer to as a death cross. For XRP, it essentially confirms sellers have run the short-to-medium-term trend for weeks now.

Zoom out to the weekly chart and the picture gets heavier. XRP’s 50-week EMA is still trading above its 200-week EMA, meaning the golden-cross structure that’s technically underpinned the entire post-election rally is still intact.

But that gap has been closing for months, and the weekly Average Directional Index, or ADX, now reads 33.7. ADX measures trend strength regardless of direction, and above 25 signals a trend in place. For XRP, ADX at 33.7 signals a genuinely strong trend reading pointed in the wrong direction for anyone long the token.

When a shorter-term EMA spends this long grinding toward a longer-term one from above, traders read it as a warning shot for an eventual cross, not a coincidence.

Back on the daily charts, the ADX reads 21.8, just under the 25 level traders use to confirm real conviction. That means this decline is real, but not exactly violent anymore. The chart’s own Fibonacci retracement (a natural set of supports and resistances that appear during a trend), shows XRP hasn’t even reclaimed its shallowest retracement level at $1.0281. The so-called golden zone between $1.0754 and $1.0965 is still a long climb from here.

The calendar isn’t offering much help either. The Senate left for a five-week August recess without voting on the Clarity Act, pushing the crypto market structure bill’s next realistic vote to September 15. The SEC abruptly pulled its own vote on new crypto-startup fundraising rules the same week, citing a scheduling issue.

The bear force is so strong that Standard Chartered’s Geoff Kendrick cut his 2026 XRP price target from $8 to $2.80 in the first quarter of 2026. Whales have reportedly bought roughly 380 million XRP near the $1 level over the past week, but they’re doing it alongside $1.5 billion in freshly opened leveraged long positions—the kind of position that turns an ordinary break below $1 into a faster, uglier one if it triggers forced liquidations.

The most obvious resistance sits close to $1.07–$1.09 (golden zone), with $1.1264 (78.6% Fib) if the momentum is sustained. For support: $0.98 would be this week’s low with $0.9061 as a major support as close to the $1 base as it could be.