XRP Faces 65 Percent Chance of Falling Below One Dollar

XRP is facing significant downward pressure as both market sentiment and technical charts point to a potential drop below the one dollar level. Data from betting markets now assigns a 65 percent probability that the token will fall under one dollar by the end of August. This outlook is supported by a bearish head and shoulders pattern forming on the daily chart, a technical formation often associated with price reversals.

Trading activity confirms this cautious sentiment. Large holders, often called whales, are currently positioned heavily toward short positions, showing far more bearish sentiment than retail traders. Additionally, spot demand has seen a sharp decline, with outflows dropping by 92 percent compared to early August levels. This lack of fresh buying interest leaves the current price floor vulnerable to further testing.

The critical level to watch is 1.02 dollars, which acts as a key support zone aligned with Fibonacci levels. If XRP fails to hold this floor, the price could slide toward 0.92 dollars. While a breakdown is not guaranteed, traders should monitor for a move above 1.09 dollars to signal a potential shift in momentum. For now, the asset remains pinned near its support level as the market waits for a definitive breakout.