XRP is trading at $1.04, up 1.75% over the past 24 hours, after its exchange rate against Bitcoin snapped a five-day losing streak that began August 3. The token's relative strength index against BTC had fallen as low as 25 — deep into oversold territory — before recovering to 35, a level still read as bearish but no longer signaling exhaustion.
Despite the daily bounce, XRP remains down 1.60% on the week, underscoring that the reversal so far looks more like a pause in the decline than a confirmed trend change. As one technical read on the move put it, the bounce "does not guarantee a sustained rally" but does suggest XRP "may be starting to regain ground relative to Bitcoin."
Derivatives Traders Pile Back In
Open interest in XRP derivatives jumped 7% over the same 24-hour window to $2.52 billion, a sharper increase than most of the market. Solana open interest rose a comparable 6.6%, while Dogecoin and BNB each added roughly 3%. Bitcoin and Ethereum open interest moved the opposite direction, down 2.48% and 1.95% respectively, suggesting traders rotated fresh leverage toward altcoins rather than the two largest tokens.
Related: Zcash Reclaims $500 as Traders Eye Two Key Liquidity Zones
Where XRP Goes From Here
Analyst price models tracked heading into August broadly treat $1 as the key support level for XRP and the $1.20 to $1.25 range as the zone that would confirm a genuine breakout, with most forecasts clustering around $1.09 to $1.13 for the month. Several of those models tie the outcome directly to two variables outside XRP's own chart: whether Bitcoin can hold above $60,000, and whether the Clarity Act's market-structure provisions continue advancing through the Senate, since XRP has historically traded as one of the more regulation-sensitive large-cap tokens.
On the fundamentals side, Ripple's XRP Ledger shipped version 3.3.0 with a new set of amendments in recent weeks, and the network crossed 1.7 million agentic transactions by the end of July — activity that traders watching the RSI reversal will likely weigh against the token's near-term technical setup.
