XRP Tests $1.00 Support Amid Whale Accumulation and Bearish Signals

Woofun AI reports that XRP is currently navigating a precarious price juncture, with bulls facing a decisive test at the psychological $1.00 mark. This critical level represents the last line of defense against deeper losses, even as whale accumulation provides a counter-narrative of underlying strength.

The token's recent trajectory has been defined by persistent selling pressure, leaving it trading near $1.03 after weeks of downward momentum. A significant technical breakdown occurred on July 31, when XRP slipped below the $1.05 level, which has since inverted into resistance during recovery attempts. This move pushed prices toward the June lows, resulting in the lowest daily close of 2026 near $1.02. Analyst ChartNerdTA highlighted the severity of this weakness, noting that the asset has faced multiple rejections from the 50-day EMA over the last eight to ten weeks. More recently, a rejection at the 20-day EMA triggered the drop to $1.01.

Furthermore, bulls have failed to reclaim the $1.16 to $1.24 resistance zone several times, indicating that a stronger recovery remains elusive until these levels are decisively broken.

Structurally, another TradingView analyst identified a bearish break of structure following XRP's loss of the $1.0473 swing low. The 21-period EMA now sits near $1.0527, creating an immediate resistance barrier, while the 55-period EMA stands near $1.0669, adding further overhead pressure. For the outlook to improve, a four-hour close above these moving averages is required. Without such a confirmation, the bearish technical signals remain dominant, suggesting that the current downward trend is intact and that any rallies may be short-lived.

Woofun AI data shows that the $1.00 level now carries heightened significance as a major long-term support zone, according to analyst Rocksorgate. This price point aligns with the 0.618 Fibonacci retracement from XRP's broader advance, making it a critical technical anchor. A high-volume break below $1.00 could severely damage the current bullish market structure, exposing the asset to further downside. The integrity of this support level is therefore pivotal; holding it could provide buyers with another chance to recover, while losing it would likely accelerate selling pressure and invalidate near-term bullish scenarios.

Notably, despite the weak price action, large XRP wallets continue to accumulate, offering a glimmer of hope for bulls. Wallets holding 100 million to 1 billion XRP now control 11.79% of the total supply, an increase from the previous 11.65%.

Concurrently, exchange balances have declined during the same period, suggesting that larger holders are moving XRP away from exchanges. Such behavior can reduce immediate selling pressure when accumulation continues, as it indicates a shift from short-term trading to long-term holding.

However, this on-chain activity alone cannot guarantee a price reversal, especially given the prevailing bearish technical environment.

Crypto Patel expects more downside before XRP begins a larger recovery, forecasting a potential accumulation zone between $0.65 and $0.85. This projection implies another 20% to 40% decline from current levels. Longer term, Crypto Patel maintains targets at $3, $5, $7, and above $10, but achieving these requires a major shift from the current bearish structure. For now, XRP faces immediate support near $1.026, with stronger support around $0.99 and $1.015 marking another liquidity target. Bulls must defend these areas to prevent deeper selling, as failure to do so could validate the bearish forecasts and extend the downtrend.