XRP price is once again drifting toward the psychological $1 level, and More Crypto Online believes the August low near $0.985 could become the next meaningful test.
The analyst’s daily chart shows XRP trading around $1.03 after giving back most of the rally that started from the August lows.
More importantly, several Fibonacci levels that were expected to slow the decline have already failed to produce a meaningful reaction.
What you'll learn 👉
XRP Has Lost Most of the August Recovery
More Crypto Online describes XRP as being trapped in a broad range for most of 2026, similar to Bitcoin and much of the crypto market.
The latest decline has erased most of the move that followed the August low.
His chart marks three retracement levels around:
$1.212 at the 61.8% Fib
$1.106 at the 78.6% Fib
$1.047 at the 88.7% Fib
XRP has now moved through all three with relatively little buying response.
That shifts attention away from Fibonacci support and toward the actual August swing low near $0.985.
$0.98-$1 Is Now the Main XRP Support Zone
The next area More Crypto Online is watching is roughly $0.98-$1.
That zone is important for two reasons.
First, $1 is an obvious psychological level that can attract both buyers and stop-loss activity.
Second, the $0.985 level represents the previous swing low, making it a more important structural support than the Fib levels XRP recently lost.
A strong reaction from this area could keep the XRP price inside its broader 2026 range.
A decisive move below $0.985 would weaken that structure and bring lower support zones back into the discussion.
The XRP chart shows a much broader demand region stretching from around $0.75 down toward $0.50, although those levels are not immediate targets.
Read also: Ripple Sharks Are Accumulating as XRP Price Slides Toward $1
Bitcoin Could Decide What Happens Next
More Crypto Online also points out that XRP is not outperforming Bitcoin.
That matters because XRP has historically struggled to hold up when Bitcoin is falling aggressively.
If BTC continues moving lower, XRP could lose $1 even if its own chart is approaching support.
That makes the current setup dependent on two things: XRP finding buyers around $0.98-$1 and Bitcoin stabilizing at the same time.
For now, the chart is still bearish.
The Fib levels failed, most of the August rally has been erased, and the next real test sits directly around $1.
If buyers respond strongly there, XRP may finally establish a floor.
If they do not, the August low could become another support level that fails rather than the bottom bulls are hoping for.
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