XRP price is trading near $1.07 as of press time, right at the edge of a support zone that traders are watching closely this week. August has a rough track record for XRP, and this year trade
XRP price is trading near $1.07 as of press time, right at the edge of a support zone that traders are watching closely this week.
August has a rough track record for XRP, and this year traders want to know if that pattern shows up again.
At the same time, a corporate deal tied to Ripple just picked up fresh funding to keep moving forward. Together, these two stories are shaping what could come next for the token.
Crypto analyst ChartNerd pointed out that XRP has closed lower in August during every US midterm election year on record. August 2014 fell 5.7%. August 2018 dropped 23.0%. August 2022 lost 13.7%.
Averaged together, that works out to roughly a 14% decline. ChartNerd flagged 2026 as another midterm year and asked whether the same pattern could repeat, while noting the pattern is not a guarantee.
If a similar drop played out this time, the altcoin could fall back toward what ChartNerd calls the mid-Gaussian Channel retest, a technical zone marked near $0.88 on the analyst's long-term chart.
Analyst EGRAG Crypto is watching a tighter, short-term picture. On the 4-hour chart, the altcoin is defending the $1.048 to $1.05 zone, which the analyst nicknamed the battlefield.
The structure still shows lower highs, which is normally read as a bearish signal until proven otherwise. EGRAG laid out a step-by-step path back toward strength: hold $1.05, reclaim $1.083, then break and close above $1.10 on the 4-hour chart.
A close above $1.10 would open the door to higher targets, according to the analysis. Losing the $1.048 level, on the other hand, could send the token toward a liquidity pocket near $1.00 to $1.008.
Level type
Price zone
What it signals
Upside target
$1.30
Major target if the breakout path plays out
Upside target
$1.20
Third target in the bullish sequence
Upside target
$1.183
Second target in the bullish sequence
Upside target
$1.14
First target after a confirmed breakout
Confirmation point
$1.10
4H close needed to confirm bullish structure
Reclaim level
$1.083
Needs to flip back above this for momentum to shift
Current support
$1.048 to $1.05
The zone buyers are defending right now
Downside risk
$1.00 to $1.008
Liquidity zone if support breaks
Seasonal bear case
Near $0.88
Mid-Gaussian Channel retest tied to August history
Does the Evernorth Ripple SPAC Deal Affect XRP Price?There is a fundamental story running alongside the charts. Evernorth, a Ripple-backed firm building a large XRP treasury, is still working through its merger with Armada Acquisition Corp II, a Nasdaq-listed SPAC.
A regulatory filing from late July 2026 showed Armada borrowed $135,000 from its SPAC sponsor, Arrington Capital, through a short-term working capital loan. The money keeps the company running while the business combination is still pending.
A filing like this does not move the market on its own. But it tells traders the deal has not fallen apart and is still active, which matters to anyone watching for signs of long-term institutional demand for the altcoin.
Could the CLARITY Act Move XRP Price This Weekend?President Trump is expected to review a bipartisan ethics compromise tied to the CLARITY Act this weekend. His response could decide whether Senate leaders try to start a cloture vote next week, before lawmakers leave for August recess.
The proposal would let state attorneys general challenge the Department of Justice if federal ethics rules go unenforced. That change targets a concern Democrats have raised for weeks, and addressing it could help revive a bill that has been stuck for weeks.
Even with more agreement on digital asset market rules, the bill still needs 60 votes in the Senate. That means at least seven Democrats would need to join Republicans for it to pass.
A White House sign-off could open the door to more bipartisan support before the break begins. The bill would set rules for how institutions handle tokenized assets, stablecoins, and exchanges, which matters for $XRP price and the broader crypto market.
What Is the XRP Price Prediction for August 2026?Nobody can say for certain where the token ends up this month. The setup right now is a tug of war. EGRAG's short-term chart leaves room for a bounce if buyers defend $1.05 and reclaim higher levels.
ChartNerd's seasonal data leans the other way, pointing to historical August weakness during midterm years.
Both analysts frame their work as patterns, not promises. XRP price could hold the current zone, break higher toward $1.10 and beyond, or slip toward the $1.00 area if sellers take control.
DisclaimerThis article is for informational purposes only and does not offer financial, investment, or trading advice. Cryptocurrency prices, including XRP, are highly volatile and can change fast. Past performance does not predict future results. Always do your own research and speak with a licensed financial advisor before making investment decisions.
