XRP Trades at $1.0648 Near Multi-Week Lows With $1.05 Support Test

XRP is trading at $1.0648 with a 1.22% decline over the last 24 hours, holding near the $1.05 to $1.06 support band that has been tested multiple times since late June. The token experienced a brief violation of this support on July 28 before reversing, but has failed to reclaim the $1.10 resistance level. The consolidation follows a broader decline from highs above $2.50, with technical indicators showing RSI at 43.71 and MACD momentum remaining subdued. XRP maintains a market cap of roughly $66 billion with sixth-place overall ranking and 24-hour trading volume near $977 million, while the ongoing Ripple-SEC regulatory uncertainty continues to weigh on institutional sentiment.

XRP Holds $1.05-$1.06 Support Band After July 28 Test

XRP's $1.05 to $1.06 support zone has attracted buyers on multiple tests since late June. On July 28, the price briefly violated this band before reversing quickly. The bounce from that test did not hold above $1.10, which represents a key resistance level for any potential recovery. The token has printed a narrow consolidation near these lows with no confirmed reversal structure visible on the chart.

Technical Indicators Show RSI at 43.71 With Weak Momentum

Daily RSI stands at 43.71, positioned below both the neutral 50 level and its own moving average of 44.87. The MACD line is printing near -0.0110, barely below the signal line at -0.0101, with a histogram reading of approximately -0.0009. These readings indicate soft momentum rather than oversold conditions or collapsing price action.

XRP Maintains $66B Market Cap at Sixth Place Overall

Market cap data shows XRP holding sixth place overall with a market capitalization of roughly $66 billion. The token's 24-hour trading volume registers near $977 million. Derivatives markets show funding rates close to neutral, with leverage having pulled back and liquidation activity remaining relatively balanced across both directions.

Ripple-SEC Regulatory Uncertainty Continues

The Ripple-SEC regulatory overhang remains an ongoing factor in XRP's market backdrop. There have been no new filings in the past 48 hours. Final resolution uncertainty continues to affect institutional participation in the token.

FAQ

What price level is XRP currently trading at? XRP is trading at $1.0648 with a 1.22% drawdown over the last 24 hours, holding near the $1.05 to $1.06 support band that has been tested multiple times since late June.

What do XRP's technical indicators show? XRP's daily RSI stands at 43.71, below the neutral 50 level and its moving average of 44.87. The MACD line is at -0.0110, slightly below the signal line at -0.0101, indicating weak momentum without oversold conditions.

What is XRP's current market position? XRP holds sixth place overall with a market cap of roughly $66 billion and 24-hour trading volume near $977 million, while the ongoing Ripple-SEC regulatory uncertainty continues to impact institutional sentiment.