XRP Near $1: Is Futures Trading Enough for a Recovery?
XRP is testing $1 below a falling trend line, with futures activity far exceeding spot turnover. The next daily closes might show whether the level can become support.
Key Takeaways
- XRP is trading near $1 after reaching an intraday low around $0.987.
- Price is testing a descending trend line but remains below the 50-, 100- and 200-day SMAs.
- CoinGlass reported about $1.23B in XRP futures volume, versus $152.9M in spot volume.
- Futures-heavy trading shows market activity, not whether buyers or sellers are in control.
- $1.02-$1.04 is the first recovery zone; the 50-day SMA near $1.075 is the next hurdle.
XRP Is Testing $1, Not Reversing Its Downtrend
XRP was trading near $1.004 on August 17 after moving between roughly $0.987 and $1.006 during the daily session. The bounce brought price into contact with the descending trend line that has limited recovery attempts since late July.
That is the immediate test. XRP has reached the line but has not yet confirmed a daily close above it. Until that happens, the move is better read as a stabilisation attempt than a breakout.
The broader chart remains weak. The 50-day simple moving average sits near $1.075, with the 100-day SMA around $1.16 and the 200-day SMA near $1.28. All three are above the current price. The 50-day average is the first active technical barrier; the higher averages become relevant only if XRP can recover further.
Futures Account for Most of the Current Trading
CoinGlass data shows about $1.23 billion in XRP futures volume over 24 hours at the time of writing, compared with roughly $152.9 million in spot volume so futures turnover was about eight times larger than spot turnover. Open interest stood near $2.77 billion.
The figures describe the mix of activity, not its direction. Futures volume does not reveal whether buyers or sellers have control, and open interest does not identify whether the outstanding positions are mainly long or short.
What the data does show is that XRP is being traded heavily through derivatives while it tests $1. That can make a break of the current range less orderly if a large number of positions are closed or liquidated.
What Would Improve the Chart?
Price needs to hold above the latest low
The intraday low near $0.987 is the immediate level to watch. A wick below it would not settle the issue on its own. A daily close beneath it, followed by a failed attempt to recover $1, would show that the current stabilisation attempt has failed.
The daily chart does not show a clearly tested support zone directly below the current range. It would be more accurate to wait for fresh price action than assign a precise downside target now.
XRP needs to reclaim $1.02-$1.04
The trend line is the first obstacle, but the $1.02-$1.04 area carries more weight because it contains several recent daily highs. A close above that range, followed by a successful retest, would be the first condition for a higher-low and higher-high sequence.
A brief intraday move above the line would not be enough.
The 50-day SMA is the larger test
The 50-day SMA near $1.075 is the next level that matters. A recovery above it would not reverse XRP’s wider decline, but it would show that price has moved above its nearest falling average.
The current daily volume has not expanded to the levels seen during the larger swings in June and July. The session is still open, so that can change. At the time of the chart, however, the bounce lacked a comparable expansion in volume.
The Read From Here
XRP is at the bottom of its recent range, where even a small move can look more important than it is. The chart will improve only if price holds above $1, closes through $1.02-$1.04 and then tests the 50-day SMA near $1.075.
The derivatives data adds context rather than a prediction. It shows that traders are active around the level, so the first break may be volatile. The daily close and the follow-through after it will matter more than the initial move.
Cryptocurrency prices are highly volatile. Technical levels are based on the daily chart from TradingView, and derivatives data can change rapidly. This article is for informational purposes only and does not constitute investment advice.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
