XRP Price Prediction August 2026: Can XRP Break the Yearly Downtrend as Grayscale’s CEO Sells GXRP?
Share:
In crypto markets, Grayscale CEO Peter Mintzberg filed to sell 2,611 GXRP shares at $20.45 as the trust’s float dropped 51% over six months via redemptions, and XRP traded at $1.0796 on July 30, up 0.5% while pressing yearly downtrend resistance at the descending wedge apex. XRP open interest on Binance fell to $369.6M, the lowest since 2024, and with August historically posting a -6.57% median return and the CLARITY Act vote looming before the August 8 recess, reduced leverage and regulatory risk weigh on token price, adoption and broader DeFi/CEX market sentiment.
Predictions Markets
See what traders are focused on
- Grayscale CEO Peter Mintzberg filed to sell 2,611 GXRP shares at $20.45 as the trust’s total float dropped 51% in six months through redemptions
- XRP open interest on Binance fell to $369.6M, the lowest since 2024, as leveraged traders step back following the hawkish Fed hold
- August has a -6.57% median return for XRP across available history with nine red closes in twelve years of data
XRP trades at $1.0796 on July 30, up 0.5%, pressing against the yearly downtrend resistance at the apex of the descending wedge as the Grayscale CEO files to sell, Binance open interest hits a two-year low, and the CLARITY Act vote hangs on days before the August 8 recess.
XRP Is At The Yearly Downtrend Resistance And The Wedge Apex
The daily chart shows XRP at the convergence point of the descending wedge, with both trendlines meeting n…
Read The Full Article XRP Price Prediction August 2026: Can XRP Break the Yearly Downtrend as Grayscale’s CEO Sells GXRP? On Coin Edition.
Predictions Markets
See what traders are focused on
Share:
Predictions Markets
See what traders are focused on
Share:
Read More
Cash Cat Price Prediction Holds Triangle Support As Whale Selling Fades
