XRP’s $1 Support Hangs By a Thread. Where Does XRP Go?

XRP's price has fallen below the $1 support level twice in the past five days, dipping to a low of $0.9915 on August 11 and again on August 14. In 2021, XRP last lost the $1 support and took nearly three years to regain it. Currently, XRP is trading 46% below its January price of $1.88. Several factors could help XRP hold above $1 and potentially move toward $2: the CLARITY Act, Ripple's expansion of its cross-border payment network, and increased demand for XRP ETFs.

If XRP loses the $1 support and fails to rebound above $0.95 in Q4, it could potentially drop to around $0.70. However, another three-year period below $1 appears unlikely.