XRP has held above $1 for 635 consecutive sessions since November 2024, nearly losing the dollar level at $0.9862 this week. Technical indicators are deteriorating: the 50-day moving average has crossed below the 200-day moving average (death cross) and the weekly ADX reads 33.7, signaling a strong downtrend. Whales have purchased roughly 380 million XRP near $1, but $1.5 billion in leveraged long positions increase the risk of rapid liquidations if support breaks. Standard Chartered cut its end-2026 XRP price target from $8 to $2.80, and the Clarity Act will not be voted on by the Senate until September.
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