4 consecutive years of August decline...XRP, this time crosses $1.25 and prepares for a reversal

▲ XRP/AI-generated image

XRP has a chance to break its four-year streak of August declines. Whether it breaks through the $1.20-$1.25 resistance level will be a key variable in determining the strength of its rebound.

According to U.Today on August 1st (local time), XRP closed July at $1.06. According to CryptoRank statistics, the last year XRP successfully closed August with a gain was 2021. Since then, it has recorded losses every August for four consecutive years.

XRP's long-term performance in August itself is not poor. XRP's average return in August is 0.43%, which is higher than the average return of -6.40% in June and -6.14% in February. U.Today cited the consecutive decline over the past four years as the biggest burden for August.

XRP fell by 27.1% in Q1 2026, followed by a 22.4% drop in Q2. The decline in June alone reached 22.1%. In contrast, it rose by 1.91% in July, bringing its Q3 return up to 2.10%. XRP's historical average Q3 return is 17%, with a median of 25.8%. The overall Q3 return has maintained an upward trend for the past four consecutive years.

On TradingView's daily chart, XRP has been observed moving within a wide falling wedge pattern for over a year. The upper resistance line is formed around $1.20-$1.25. U.Today analyzed that a breakthrough of this range could signal the start of a full-fledged upward trend. At the bottom, the $1.05-$1.06 range was presented as a short-term support level.

For XRP to end its four-year streak of August declines, the August closing price must exceed the price at the beginning of the month. The Q3 return has turned upward, and the price is near a major support level. Whether it breaks through $1.20-$1.25 is a key criterion for determining a reversal of the long-term downward trend.

[Article Key Summary]

-XRP has declined in August for four consecutive years since 2021, but its historical average August return is 0.43%.

-XRP's Q3 return turned to 2.10% thanks to a July increase, and its historical average Q3 return is 17%.

-Defending the $1.05-$1.06 support level and breaking the $1.20-$1.25 resistance level are key conditions for a trend reversal.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*