XRP Tests $1 For 8 Days in a Row: Which Way Does It Break?

XRP has probed the $1 level for eight consecutive sessions without a clean break, with sentiment hitting a three-month bearish extreme while on-chain activity surges.What the Sentiment Data Is ShowingSantiment flagged on X that crowd commentary on XRP across X, Reddit, and Telegram has reached its most bearish reading in three months as prices stall near $1.At the same time, XRP Ledger active addresses hit 49,929 in a single 24-hour span, the highest level in over two months, after activity had dropped near 2026 lows in early July.Santiment described the divergence as the counter-signal bulls want to see. Fear is loud but participation is rising, which historically precedes either a sharp recovery or one final flush before a turn.What Is the ETF Flow Data Showing?Weekly net inflows into XRP spot ETFs have fallen roughly 85% over three weeks, dropping from $14.86 million on July 31 to just $2.25 million through August 14 according to SoSoValue.Total net assets declined from $997.25 million to $933.01 million over the same period, meaning price depreciation is outpacing whatever new capital is trickling in.Trading volume has held relatively steady in the $50 million to $67 million range, pointing to consistent activity despite the weaker inflows.What the Chart Is SayingXRP holds at $0.9993 Monday, testing $1 inside a descending channel from May that remains fully intact.RSI at 36.53 approaches oversold territory, a level that historically precedes either a sharp relief rally or a final capitulation flush.All four EMAs stack overhead as resistance with nothing meaningful below the $1 demand zone.Eight consecutive days of attacking $1 without a clean breakdown suggests buyers are fighting hard to defend the level.The longer the battle drags on, the more the floor weakens. A 20% move is building on whichever side wins.Image: Shutterstock