The 65% XRP Price Warning on Polymarket Now Has the Charts Agreeing

A prediction market now gives the XRP price a 65% chance of falling below $1 before the end of August. The technical picture is leaning the same way.

The call comes from Polymarket, a platform where traders bet real money on outcomes. Its odds line up with a weakening chart, softening demand, and traders who are positioned for more downside.

XRP's Chart Builds a Bearish Pattern on Fading Volume

The alarm started with a live betting market putting XRP below $1 this month. The daily chart gives that bet a reason to exist.

XRP has traced a head-and-shoulders pattern, a bearish reversal shape with two lower peaks around a higher middle peak. The pattern sits on a descending neckline that slopes down as support.

Volume tells the rest of the story. Sell volume surged between Aug 3 and Aug 7 as sellers pressed the neckline hard. Yet, buyers managed to hold the line on Aug 7. However, the defense was not convincing. The bounce came on weaker buy volume, which leaves the support looking fragile.

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