{"id":16039,"date":"2026-08-17T19:22:02","date_gmt":"2026-08-17T19:22:02","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=16039"},"modified":"2026-08-17T19:22:05","modified_gmt":"2026-08-17T19:22:05","slug":"xrp-price-loses-1-support-as-sellers-target-0-98","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/08\/17\/xrp-price-loses-1-support-as-sellers-target-0-98\/","title":{"rendered":"XRP Price Loses $1 Support as Sellers Target $0.98"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">XRP is facing renewed selling pressure after briefly slipping below the important <strong>$1 support level<\/strong>, putting traders on alert for a possible move toward $0.98.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cryptocurrency has declined around <strong>2.8% over the past seven days<\/strong>, trading close to $1 on Aug. 17. Weak daily momentum, continued capital outflows, and a broader bearish trend have made it difficult for buyers to regain control.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Technical indicators suggest that XRP remains vulnerable in the short term. The area between <strong>$0.98 and $0.975<\/strong> is emerging as the most important support zone, while a recovery above approximately $1.037 could provide the first indication that selling pressure is beginning to ease.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">XRP Price Struggles to Hold the $1 Level<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">XRP was trading around $1 on Aug. 17 after briefly falling below the psychological level during the latest market decline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The token has experienced a significant correction from its previous cycle highs. Market analyst Crypto Patel noted that XRP has fallen roughly 73% from its cycle peak above $3, while the daily chart continues to form lower highs and lower lows.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Selling pressure became particularly noticeable during the first half of August.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">XRP dropped from approximately <strong>$1.14 to around $0.98<\/strong> before staging a modest recovery toward $1. However, buyers have not yet managed to establish a convincing daily close above nearby resistance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The current weakness is part of a much larger decline. XRP traded above $2 earlier in the year before falling toward $1.40 in February. After several months of consolidation, selling pressure returned in June.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That makes the $1 area particularly important for XRP&#8217;s next move.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If XRP consistently closes below $1, sellers could gain additional confidence. On the other hand, a quick recovery above the level could suggest that the recent breakdown was temporary.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">XRP Faces Resistance at $1.037<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Daily technical indicators continue to favor sellers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">XRP remains below the middle line of its daily Bollinger Bands, currently positioned near <strong>$1.037<\/strong>. This level is important because the middle band can help indicate the direction of the short-term trend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A recovery above $1.037 could therefore provide an early sign that momentum is improving.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Further resistance sits near the upper Bollinger Band at approximately <strong>$1.099<\/strong>, creating a broader resistance zone between roughly $1.04 and $1.10.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">XRP has struggled to remain above this region since its early-August attempt to hold near $1.14 failed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Until buyers can reclaim these levels, rallies could continue to face significant selling pressure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">$0.975 Emerges as Critical XRP Support<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">On the downside, XRP&#8217;s lower Bollinger Band is sitting near <strong>$0.975<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The token&#8217;s price has been trading close to the lower side of the Bollinger Band range, reflecting continued downward pressure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trading near the lower band can sometimes result in a short-term bounce as an asset becomes stretched to the downside. However, touching the lower Bollinger Band alone does not mean that a market bottom has been established.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For XRP, the $0.975 level is particularly important because it sits close to other areas where traders are watching for liquidity and support.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A decisive daily close below this area could expose lower price levels.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Capital Outflows Continue to Pressure XRP<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Chaikin Money Flow provides another indication that XRP&#8217;s broader daily trend remains weak.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The daily CMF reading stands at approximately <strong>-0.17<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A reading below zero generally indicates that selling volume has been stronger than buying volume over the indicator&#8217;s measurement period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This suggests that fresh capital has not yet returned strongly enough to support a sustained XRP recovery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the bullish outlook to improve, traders would likely want to see Chaikin Money Flow move closer to or above zero while XRP simultaneously recovers above the $1.037 resistance level.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Without those signals, short-term price recoveries could remain vulnerable to renewed selling.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">XRP&#8217;s 4-Hour Chart Shows Early Signs of Buying<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">While the daily chart remains bearish, XRP&#8217;s shorter-term chart provides a slightly more encouraging picture.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the 4-hour timeframe, XRP was trading near <strong>$1.001<\/strong>, while Chaikin Money Flow had climbed to approximately <strong>0.09<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The positive reading suggests that some buyers have entered the market near the latest lows.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">XRP has also moved slightly above the Ichimoku conversion line around $0.998 and the baseline close to $1.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These movements suggest that short-term momentum has started to stabilize.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, XRP remains below the main Ichimoku cloud, meaning buyers have more work to do before the broader short-term trend can be considered bullish.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">$1.017 Is the Next Important Short-Term Level<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The upper boundary of XRP&#8217;s 4-hour Ichimoku cloud is positioned around <strong>$1.017<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A convincing 4-hour close above this level could provide an early signal that buyers are starting to regain control.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If XRP breaks above $1.017, attention could shift toward $1.037 and approximately $1.05.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A stronger recovery could eventually bring the $1.10 region back into focus.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, failure to break above the cloud could leave XRP trading inside a narrow range between approximately $0.99 and $1.02.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another rejection around $1.01\u2013$1.02 could increase the possibility of XRP retesting its August lows.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">XRP Liquidation Heatmap Highlights $0.98 Risk<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Liquidation data also shows why the next XRP move could become volatile.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A three-day liquidation heatmap shows significant leveraged positions sitting close to the token&#8217;s current price.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the upside, an important liquidity concentration appears near <strong>$1.011<\/strong>, with additional liquidity around $1.02.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If XRP pushes above $1.011, short positions could begin liquidating. These forced closures could add buying pressure and potentially help XRP move toward $1.02.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, there is also considerable liquidity below the current market price.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The most significant nearby downside cluster sits around <strong>$0.98<\/strong>, close to the daily lower Bollinger Band at $0.975.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additional liquidity is visible around $0.96.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This leaves XRP caught between important liquidity areas on both sides of the market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Happens if XRP Falls Below $0.98?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A clear loss of $0.99 could put the <strong>$0.98\u2013$0.975 support zone<\/strong> under immediate pressure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If XRP breaks through this area, leveraged long positions could be forced to close, potentially accelerating the decline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The next important downside area would then be around <strong>$0.96<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A sustained move below $0.96 could strengthen the broader bearish structure and bring deeper support zones into focus.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For this reason, the $0.975 region could play a major role in determining whether XRP stabilizes around $1 or experiences another significant leg lower.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Analysts Remain Divided on XRP&#8217;s Bottom<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Market analysts have different views on whether XRP is approaching a major bottom.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Crypto Patel has suggested that XRP could decline another <strong>20% to 40%<\/strong> before establishing a significant long-term reversal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The analyst identified approximately <strong>$0.85 to $0.65<\/strong> as a potential long-term accumulation zone, while emphasizing gradual capital deployment rather than attempting to predict an exact market bottom.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Such a move would require XRP to first lose its current $0.975 support and continue through several lower liquidity areas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The analyst has also discussed much higher long-term targets, including $3, $5, $7, and $10. However, those targets depend on XRP eventually establishing a confirmed reversal, something that has not yet appeared on the current daily chart.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other analysts have taken a more optimistic position.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analyst Gerla has pointed toward a possible long-term trendline test and bullish divergence on the Relative Strength Index.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A bullish divergence occurs when an asset&#8217;s price creates a lower low while a momentum indicator forms a higher low. Traders sometimes view this pattern as an early indication that downward momentum is weakening.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, bullish divergence alone does not guarantee a reversal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Can XRP Recover Above $1?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For now, XRP remains at a critical technical point.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>$1 level<\/strong> is likely to remain the main psychological battleground between buyers and sellers, but several nearby technical levels could provide better confirmation of the next move.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A recovery above <strong>$1.017<\/strong> would improve XRP&#8217;s short-term structure, while reclaiming <strong>$1.037<\/strong> could provide stronger evidence that buyers are returning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the downside, losing <strong>$0.98\u2013$0.975<\/strong> would strengthen the bearish outlook and could expose approximately $0.96.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If selling pressure continues beyond that point, the $0.85 region highlighted by some analysts could eventually become more relevant.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Until XRP decisively breaks one of these areas, traders may continue to see volatile price action around the $1 mark.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Disclaimer:<\/strong> This article is for informational and educational purposes only and should not be considered financial or investment advice.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP is facing renewed selling pressure after briefly slipping below the important $1 support level, putting traders on alert for a possible move toward $0.98. The cryptocurrency has declined around 2.8% over the past seven days, trading close to $1 on Aug. 17. Weak daily momentum, continued capital outflows, and a broader bearish trend have&#8230;<\/p>\n","protected":false},"author":3,"featured_media":16040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[165,121,321],"class_list":["post-16039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-momentum","tag-trade","tag-xrp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XRP Price Loses $1 Support as Sellers Target $0.98 - Crypto News<\/title>\n<meta name=\"description\" content=\"XRP price slips below $1 as bearish momentum and capital outflows put $0.98 support at risk. 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