XRP (Ripple)'s August of Destiny... $1.64 or $0.62?

XRP's $1.06 to determine August's fate... If held, $1.64; if broken, $0.62

▲ Ripple (XRP) ©

As XRP (Ripple) approaches the critical turning point of $1.06, there are predictions that it could rebound to $1.64 or plummet to $0.62 in August. Amidst a 41.51% drop since the beginning of the year, the vote on the U.S. cryptocurrency market structure bill, the Clarity Act, and the movement of whales are considered key variables that will determine its direction.

According to the cryptocurrency specialized media Finbold on August 4 (local time), XRP was trading at $1.08, down 41.51% since the beginning of the year. Monica Long, President of Ripple, stated that institutions are moving to a 24/7 trading system and that Ripple will continue its business to provide comprehensive digital asset infrastructure.

On-chain, large investors moved XRP out of Binance, causing the exchange supply ratio to drop to 0.03. X (formerly Twitter) user Xaif Crypto analyzed that this trend could reduce selling pressure that hinders a potential rally. However, whale transactions over $1 million plummeted from about 70 per day to 2, indicating a significant contraction in large investor activity itself.

On-chain analyst Ali Martinez suggested $1.06 as a key support level. He diagnosed that if XRP holds this price, it could rise to $1.64, but if it fails to maintain support, it could fall to $0.62. As both a decrease in whale transactions and directional uncertainty are observed, whether $1.06 is defended is expected to be a watershed moment for August's price movement.

Long-term price trends temper optimism. XRP surged after the dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) and Donald Trump's re-election, but it has fallen from a mid-2025 high of $3.40 to its current $1.08. If the Clarity Act is voted on before the Senate recess, it could be a strong upward driver, but the fact that it has not surpassed its all-time high even after the resolution of the SEC-Ripple dispute has been presented as a warning sign for both August and the long-term outlook.

*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.*