XRP has slipped below the $1.00 mark this week. The move comes as the wider crypto market deals with shaky sentiment and weak technical signals. Still, not everything is bearish under the sur
XRP has slipped below the $1.00 mark this week. The move comes as the wider crypto market deals with shaky sentiment and weak technical signals.
Still, not everything is bearish under the surface. Large wallet activity has jumped, and one big Wall Street name just showed up in XRP ETF filings.
Derivative markets are leaning bearish for now. CoinGlass data puts the long-to-short ratio at 0.9084, close to its lowest point in a month.
That means more traders are betting on the altcoin falling than rising.
Funding rates back this up too. The funding turned negative on Tuesday, sitting at -0.0025%, down from 0.0055% a day earlier.
A negative funding rate means short sellers are now paying long holders. That's usually a sign of bearish positioning, though it can also set up a short squeeze if shorts get squeezed out fast.
This is where things get interesting.
Whale transactions on the XRPL have exploded over the past 24 hours. Transfers above $1 million surged 280%, jumping to more than 38 large transactions, according to data shared by crypto analyst Ali Charts.
Whale Metric
Value
Large transactions (24h)
38+
Increase from prior period
280%
Threshold tracked
$1 million+
Source
Santiment
Big wallet moves like this don't always mean buying. They can reflect selling, exchange transfers, or repositioning too. But a spike this large usually gets traders' attention.
Yes. U.S. trading firm Jane Street Group disclosed exposure to several XRP ETFs, including more than 1.2 million shares of the Bitwise XRP ETF.
Filings also show positions across Franklin, Grayscale, Canary, and 21Shares Ripple products, according to a post from BankXRP.
Jane Street is a major market maker, so its footprint across the XRP ETF space is worth watching closely in the weeks ahead.
What is the current XRP news and partnership update?Away from the charts, Ripple announced a new partnership with South Korea's Jeonbuk Bank.
The deal will bring Ripple's cross-border payments platform to the bank's business customers. It's built for import-export firms, tech startups, and online content creators who need fast overseas transfers, day or night.
On-chain data is telling a different story than social media sentiment.
Santiment reports that negative XRP sentiment hit a three-month extreme as the token struggled near $1. At the same time, XRPL activity increased.
On August 14, the network logged 49,929 active addresses in 24 hours, the highest in over two months.
So while people online sound more negative than usual, the network itself is staying busy. That gap between mood and actual usage is something analysts tend to flag.
XRP price prediction: key levels to watchThe near-term picture depends heavily on how price behaves around $0.9766 and $1.00.
If buyers hold the $0.9766 zone, the altcoin could push back toward $1.01 to $1.04, where short-term moving averages sit. A stronger bounce could open the door to $1.10.
The $1.10 to $1.12 range is a tougher wall. The 100-period moving average on the daily chart sits in this area, making it a key resistance zone to clear.
A clean break above $1.10 would weaken the current bearish setup and hint at more upside ahead.
On the downside, a break below $0.9766 would shift the picture. TradingView's pivot levels point to support near $0.926, followed by roughly $0.764 if selling picks up.
Some longer-term chart watchers, including trader Javon Marks, have floated a much bigger measured-move target near $15, and even $17, tied to a pattern from the late 2024 breakout.
That would mark a move of roughly 1,350% from current levels. This kind of target is speculative and far from confirmed, so it's worth treating as one possible long-term scenario rather than a near-term forecast.
There's no confirmed bullish reversal yet. What we do see is a mix of oversold-style momentum, rising XRPL activity, and heavy negative sentiment, all set against a chart structure that's still leaning bearish.
That makes $0.98 the level to watch. Holding it could open a path toward $1.04 and $1.10. Losing it would strengthen the case for more downside.
For now, the Ripple price prediction stays conditional. The $0.9766 to $1.00 zone needs to hold for a short-term rebound to stay alive, and the altcoin would need to clear resistance step by step to prove the broader downtrend is fading.
DisclaimerThis article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk. Always do your own research and consult a licensed financial advisor before making investment decisions.
