Analyst ChartNerd said on August 3 that XRP’s prolonged weakness could be setting the stage for a major market repricing. The token is testing long-term support near $1.06 after failing to break above its daily 20 EMA near $1.08. XRP was trading around $1.07, down nearly 24% in three months and more than 70% below its July 2025 all-time high near $3.65. Institutional interest remained positive with spot XRP ETFs recording $27 million in net inflows in July, and Ripple announced investments in Zilo and Licuido, two companies focusing on tokenized funds and institutional asset infrastructure.
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