Bitwise ETF outflows and institutional rotation into Bitcoin have pressured XRP. Despite strong fundamentals, technical weakness matters. Price breaks support before buyers regain conviction.
$1.00 is primary support—break here cascades to $0.85. $1.15 is near-term resistance. $1.25 is breakout target if $1.15 holds. Major volume emerges at each level.
Altcoins break support during risk-off environments. If CPI data is hot and drives rate-hike fears, XRP breaks $1.00. If CPI is cool, altcoins rally and XRP targets $1.15+.
Set stop-loss at $0.95 if holding. Resistance buyers can short $1.10 with stop at $1.20. CPI data on August 13–14 will trigger the next major move. Position size reflects binary event risk.
Even if XRP breaks support short-term, $0.80–$0.85 is true structural support for long-term holders. Institutional adoption thesis (payments, CBDCs) remains intact. Don't panic on technical breaks.
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