XRP dipped below $1.05 on Monday, entering what analyst EGRAG CRYPTO calls a 'battlefield' zone. The token was rejected at $1.20 during a mid-July rally fueled by favorable US inflation data and subsequently lost the $1.10 support level. Now traders are watching whether the $1.05 line holds or breaks.
The $1.05 line in the sand
EGRAG CRYPTO laid out two scenarios. If XRP defends $1.05, it could bounce above $1.083 and reclaim the $1.10 resistance, with a major target of $1.30. But if it breaks decisively below that level, the next stop is the liquidity zone around $1.00. That's a tight range — and a high-stakes one for anyone holding positions near current prices.
A familiar pattern?
Analyst Mikybull Crypto sees room for a surprising comeback. He compared the current market structure to 2020, when XRP was compressed at $0.60 before eventually rallying. The implication: the sideways grind could be building energy for a move higher, even if the short-term picture looks shaky.
August's track record and macro headwinds
History isn't on XRP's side this month. August has been a painful period for the asset, with XRP ending in the red in all four previous editions. That seasonal pattern is colliding with a broader market downturn: Bitcoin dropped to $62,000 after failing to reclaim $63,000 support, dragged down by re-escalating Middle East tensions. The macro backdrop adds another layer of uncertainty to XRP's already fragile technical position.
Whether $1.05 holds in the coming days will likely determine the short-term direction. A bounce could set up a test of $1.10 and beyond; a breakdown opens the door to $1.00. For now, the battlefield is drawn.
