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Is XRP About to Hit a Level Last Seen in November 2024?

Daily volume has fallen to $847 million as traders watch whether XRP can hold above $1 before a September Senate vote.

  • On Friday, August 14, 2026, XRP trades near $1.02, defending a 635-day streak of closing above $1 after hitting a 52-week low of $0.9923 this week.
  • Technical pressure mounts as XRP trades below its 20-day average at $1.06 and 50-day average at $1.08, compounding a 3.9% drop last week that made it the weakest large cryptocurrency.
  • Large holders accumulated more than 380 million XRP in one week, worth roughly $380 million, even as daily trading volume collapsed from $1.27 billion to around $847 million.
  • Standard Chartered analyst Geoffrey Kendrick cut his near-term target 65% to $2.80, citing tight Fed policy, while maintaining a long-term roadmap reaching $28 by 2030.
  • Reaching a $3 target requires the CLARITY Act passing this fall, ETF inflows scaling past $4 billion, and a full macro turn, all within five months.
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CryptoPotato broke the news on Thursday, August 13, 2026.
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