XRP’s having a rough start to August. It couldn’t keep up with Bitcoin, and now it’s down about 0.80% in the last day, at $1.08. Buyers keep trying to push it past a big ceiling, but they’re not getting anywhere.
Right now, the XRP price is stuck below some important price levels. Nobody’s really jumping in to buy. There’s a lot of doubt hanging around, regulators aren’t giving clear answers, money’s pulling out of ETFs, and the CLARITY Act isn’t moving forward.
That’s not helping confidence. Plus, the Fed didn’t cut rates, so people playing it safe aren’t piling into crypto like some hoped they would.
But August might still matter. Ripple’s still growing overseas, more businesses are using the XRP Ledger, and regulated platforms are starting to let people trade XRP. If any of that actually gets buyers interested, we could see XRP finally break out and move up.
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News Pushing XRP Price Higher
Despite short-term weakness, Ripple continues making progress on the regulatory front.
The company has secured a MiCA Crypto Asset Service Provider license in Luxembourg, allowing its European entity to offer regulated payment, custody, and stablecoin services across the European Economic Area through passporting rights.
That strengthens Ripple’s position in Europe’s regulated digital asset market and gives the XRP Ledger another institutional use case through tokenization and Ripple USD (RLUSD). The next milestone will be how quickly financial institutions begin adopting these services and whether transaction volumes migrate toward MiCA-compliant platforms.
Also, reports indicate Hong Kong has expanded regulated retail access to XRP, opening the asset to millions of potential investors through licensed digital asset platforms. Greater access does not automatically translate into buying pressure, but it expands XRP’s addressable market at a time when global crypto regulation is becoming clearer.
🚨Breaking News🚨
— Carly (@Carly_e5) July 29, 2026
🇨🇳Hong Kong has just opened the door for XRP.
XRP has now been granted access to a $427.3 billion economy, providing a compliant trading channel for retail investors.
The floodgates have officially opened.
One market is open, and others will soon follow🚀🚀🚀 pic.twitter.com/pC9dU7Zo7t
Institutional adoption also continues to grow. Asset manager Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger. Ireland’s central bank just gave the green light to the fund. BNY Mellon is handling custody, Komainu is managing the digital asset side, and Liquido is running the tokenization tech.
🚨 BREAKING
— 𝗫ℝℙ ℍ𝔼ℝ𝔸𝕃𝔻 (@xrp_herald) July 30, 2026
AVIVA INVESTORS HAS LAUNCHED A TOKENIZED SHARE CLASS OF ITS US DOLLAR LIQUIDITY FUND ON THE #XRPL
THIS MARKS THE ASSET MANAGER FIRST TOKENIZED FUND AND THE FIRST PRODUCT TO EMERGE FROM ITS PARTNERSHIP WITH RIPPLE
THE STRUCTURE HAS SECURED APPROVAL FROM THE CENTRAL… pic.twitter.com/FPOROmyIfN
Related XRP News: XRP and Stellar (XLM) Adoption in Asia Has Already Begun: Here’s What Comes Next
Ripple points out that the XRP Ledger has already handled over four billion transactions. It supports close to eight million wallets and runs on more than 130 independent validators. That’s what makes it attractive for big players looking to tokenize real-world assets.
XRP Chart Analysis
We pulled up the chart, and it doesn’t look great. The price keeps bouncing inside a downward channel that’s been trapping it for months. On top of that, XRP is still below its 30-day average of $1.10 and way below its 200-day average at $1.37. That tells you sellers are still running the show.
The latest rejection right around $1.09–$1.10 just confirms it. Every time buyers try to push past that area, sellers show up and knock it back down. Until the XRP price breaks through that ceiling, any bounce is probably going to hit a wall.
If you look at the momentum gauges, they’re not saying much. The RSI is at 51, right in the middle, neither oversold nor overbought. The Ultimate Oscillator is around 44, which means even after that small bounce off the lows, buyers aren’t exactly piling in.
One more thing worth watching: CryptoPotato pointed out that the XRP price broke below an uptrend line that used to offer support, so the short-term setup has weakened. Meanwhile, futures and options data shows that both big and small traders are still betting on higher prices. The problem? Not enough new buyers are coming in. If leverage starts unwinding, that could trigger a cascade of selling and push prices down faster than people expect.
How High Can XRP Price Go in August?
XRP needs to break above $1.10 and stay there. If Ripple’s European push pays off, more big players jump on board, and crypto markets perk up, buyers might take a shot at $1.16—that’s where it peaked in July. Get past that, and $1.25 to $1.30 could be next.
Realistically though, we’re probably looking at more sideways action for someetime. The CLARITY Act isn’t going anywhere, the Fed isn’t cutting rates, and there’s just not much buying interest out there.
So the XRP price could easily spend most of August bouncing between $1.03 and $1.10 as everyone waits for something to actually move the needle.
The danger zone? If $1.03 gives way. Money keeps leaking out of ETFs, leveraged bets get wiped out, and another failed attempt at $1.10 could push Ripple’s XRP back down to the $1.00 level. And if the broader crypto market turns sour, we could even see it drop into the $0.95–$0.98 range.
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