XRP Tests $1 Support as ETF Flows Turn Negative

Overview

• XRP traded near $1.05 on Aug. 6 after a fourth straight daily decline that left the token repeatedly testing the psychological $1 support level.
• U.S. spot XRP ETFs showed waning demand with a reported $3.58 million net outflow on Aug. 5 and only about $27.3 million in total inflows in July, removing a key source of institutional buying pressure.
• Technical readings point to a bearish bias with the 14-day RSI below 40, a negative MACD, and price trading under the 50-day and 200-day moving averages.
• Regulatory progress is mixed because Ripple secured full EU MiCA authorization with a Luxembourg license on July 6 while the U.S. Senate set aside the CLARITY Act vote on July 27, leaving a U.S. legal catalyst delayed.
• On-chain metrics show thinner liquidity and stress among holders with roughly 60% of supply at unrealized losses and exchange balances down to about 1.6 billion XRP, a setup that raises downside vulnerability and makes speculative chart targets like $0.96 and $0.88 relevant if price closes decisively below $1.