XRP continues to weaken around $1, and an analysis says the current price action may be a test zone in a Wyckoff accumulation structure preparing for a future rise.

Decrypt, a blockchain media outlet, reported on Aug. 18 that recent XRP weekly charts and on-chain indicators show the possibility of a long-term recovery alongside short-term selling pressure.

XRP is trading around $0.99 and moving in the $1.00 to $1.10 range. Technical analysis interprets this zone as a test stage in the Wyckoff structure in which the prior low is checked again.

Wyckoff analysis is a method of identifying accumulation and distribution by large players through price and volume. The analysis cited $0.75 as XRP's key "spring" zone. A spring refers to a phase in which the price briefly breaks below a major support level and then recovers, exhausting selling.

A similar structure is seen in XRP's longer-term price action, according to the explanation. XRP formed a long-term uptrend after a $0.17 low in 2020. In June 2022 it fell to $0.2910, testing that trendline again, and later went through several liquidity sweeps during an up cycle.

In July 2024 it slid to $0.52 but rebounded. From November that year, the upward move accelerated. XRP then surged to $3.40 in January 2025.

The rise later faded. After falling to $1.61 in April 2025, it hit a new all-time high of $3.66 in July, but selling pressure strengthened afterward. During the market plunge on Oct. 10, 2025, XRP fell to $1.58 and then posted a series of lower highs. It rebounded to $2.41 in January 2026 but did not change the trend. In early February it fell again to $1.11.

The area around $1 is seen as an important turning point. It is a psychological support level and a price band to check whether the long-term accumulation structure is being maintained.

Some positive signals were also detected in on-chain data. Whale wallets are accumulating XRP in the $1.00 to $1.20 range, and the cumulative volume delta is also holding at a neutral level. This does not mean aggressive momentum buying is emerging, but it can be interpreted as buyers absorbing some of the supply coming onto the market.

XRP's realized price was cited at $0.75. Realized price is an indicator showing the average acquisition price of XRP on-chain. With the current price holding around $1, it means the average holder remains in profit.

The most important level ahead is $1.20. The analysis said a break above $1.20 with strong volume could be a bullish signal that the current test phase has ended. The first target zone was cited at $1.21 to $1.30. If it clears that range firmly, the outlook suggests further upside could open to $1.50 to $2.00. Longer term, $3.00 to $5.00 was also mentioned as an upper target.

Downside risk is also clear. If XRP falls below $0.75 on a weekly closing basis, the current Wyckoff accumulation scenario could be invalidated.

The key in XRP's short-term price action is a break above $1.20 and defense of $0.75. If it moves above $1.20 with volume, rebound signals could strengthen, but if $0.75 gives way, the accumulation structure itself would need to be reassessed.

Wyckoff patterns and on-chain indicators do not guarantee future prices, so confirming whether a trend reversal is real requires checking volume along with broader market moves.