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XRP traded near $1.02 on Aug. 12 after extending a broader decline on Bitstamp. The XRP price USD structure remained bearish as leveraged positioning stayed elevated on Binance. Bitstamp showed XRP near $1.0166 during European morning trading.
The weakness mattered because traders kept substantial derivatives exposure while spot price hovered near psychological support. That setup raised liquidation sensitivity if XRP lost the $1 area. Network activity also increased, creating mixed signals across spot, derivatives, and on-chain data.
XRP Price USD Holds Near $1.02 After Fresh Weakness
Bitstamp data showed XRP trading around $1.02 on Aug. 12. The exchange quoted XRP near $1.0166, with the token lower over 24 hours. That left XRP price today close to the $1 psychological level.
The supplied TradingView daily chart showed a descending structure from May highs. Price remained below the chart’s falling resistance line and several Fibonacci retracement levels. The chart placed nearby resistance around $1.10, $1.15, and $1.23.
The same chart showed support around $0.98 and a deeper level near $0.87. Those levels framed the immediate XRP price prediction without assuming a breakdown. A daily recovery above $1.10 would weaken the current bearish structure.
XRP Price USD Technical Structure Keeps $0.87 in Focus
Crypto Tony wrote on Aug. 12 that XRP appeared weaker than expected. He argued that $0.87 could become the next downside target. His view matched the lower support zone visible on the supplied daily chart.
However, that target remained a technical scenario rather than a confirmed destination. XRP still traded above the lower extension area during the morning session. The chart also showed intermediate support near the $0.98 region.
A sustained break below $0.98 would strengthen the bearish case from a technical perspective. Holding that area could instead delay further downside and keep XRP inside its descending range. XRP crypto market therefore remained dependent on confirmation around nearby support.
XRP Futures Open Interest Stays Above Its Recent Average
CryptoQuant contributor Arab Chain reported elevated XRP futures open interest on Binance. The dataset showed about 435.1 million XRP in open contracts. Its 30-day moving average stood near 403.6 million XRP.
Arab Chain calculated a 30-day open-interest Z-score near 1.20. That placed positioning above its recent average while price remained weak. The reading did not show whether traders held net-long or net-short exposure.
Higher open interest can increase liquidation sensitivity when price moves sharply. It does not independently predict direction. That distinction mattered while XRP traded near a widely watched support zone.
Earlier CryptoQuant data showed Binance open interest near 369.6 million XRP on July 30. The latest reading therefore indicated renewed positioning after that late-July contraction. Traders had added exposure even as spot performance stayed under pressure.
Network Activity Rises as Bridge Incident Adds Security Risk
Ali Martinez reported that XRP Ledger active addresses increased sharply during August. His Aug. 12 post showed addresses rising from 23,642 on Aug. 1 to 43,543. That represented an 84.18% increase in the cited dataset.
Rising address activity showed more network participation, but it did not guarantee price appreciation. The metric also lacked direction regarding buying, selling, or transfer intent. Price continued trading near $1.02 despite the increase.
Separately, tx confirmed an exploit affecting its XRP Ledger bridge on Aug. 9. The operator said an attacker drained XRP from the bridge reserve wallet. Tx halted the bridge and identified the software vulnerability.
CoinDesk reported that the exploit drained nearly 200,000 XRP within 97 minutes. The report cited tx and on-chain records describing false deposit recognition. Tx later engaged blockchain forensics specialists and filed an FBI complaint.
XRP Ledger documentation describes bridges as separate systems connecting locking and issuing chains. That architecture supports separating this bridge failure from base-layer consensus.
The exploit affected bridge verification software rather than the XRP Ledger itself. That distinction limited the incident’s direct technical implications for the base network. Still, the event added another risk factor around XRP-linked infrastructure.
XRP now faces a clear technical test around the $0.98 support area. The supplied TradingView chart placed $0.87 below that level as the next deeper support. A recovery above $1.10 would provide the first evidence of improving short-term structure.
