Ripple’s (XRP) $1 Breakdown Could Get Worse Before It Gets Better

XRP has struggled to hold its ground in August and is facing renewed downside risk after slipping below the psychologically important $1 level. Analysts are now warning that the crypto asset could have further room to fall before establishing a durable market bottom. Crypto analyst Patel expects XRP to potentially decline another 20%-40%, which puts the projected macro accumulation zone between $0.85 and $0.65. The outlook comes after the token suffered a steep decline from its cycle peak. In fact, XRP is down by over 70% since July 2025. Rather than viewing the current weakness as an immediate buying opportunity, Crypto Patel’s analysis points to the range as an area where macro accumulation could become more attractive if selling pressure intensifies. Zooming in, however, one momentum indicator is beginning to stabilize. On the 4-hour RSI, another market watcher, Diana, noted that the indicator is holding around 42 and has moved slightly above its signal line near 41.8, while price remains largely flat and recent candles are becoming tighter rather than extending aggressively lower. According to her, bulls would need XRP to move through $1.015, $1.05, and $1.081. A break above $1.081 would bring $1.145 and $1.20 into focus. On the downside, Diana said a decisive break below $1 with follow-through would put $0.906 and $0.861 back on the radar. “If this is ACCUMULATION, XRP doesn’t need to explode immediately. It needs to keep absorbing the selling around $1 until buyers finally force a breakout.” Despite the choppy price action, Wall Street is quietly loading up on XRP exchange-traded funds. CryptoPotato recently reported that several major financial firms reported exposure to these funds at the end of the second quarter. For instance, Jane Street Group stood out with more than 1.2 million shares of the Bitwise XRP ETF, compared with just 20,605 shares at the end of the first quarter. The trading firm also held positions in XRP ETFs from Franklin Templeton, Grayscale, Canary Capital, and 21Shares. Meanwhile, Bank of America reported 13,260 shares of the Volatility Shares XRP ETF, which is worth around $76,000. Morgan Stanley also disclosed holdings in three funds, including Franklin, REX-Osprey, and Bitwise products. Other reported holders included Wolverine Asset Management, which has nearly 200,000 Bitwise shares, and Gallacher Capital Management, with 86,744 Capital XRP ETF shares. Main Street Group and National Bank of Canada also reported smaller posit