Ripple’s cross-border token has seen one of the most impressive rallies over the past 10-12 days, rising from just under $1.00 to a multi-month high of $1.70.
However, this major rally has been halted and momentum has faded, with the asset currently struggling to hold at $1.40, representing a 20% pullback from last Saturday’s high. The situation worsened Friday after Fed Chairman Kevin Warsh’s hawkish speech in Jackson Hole.
Main testing approaches
Popular analyst Ali Martinez has been tracking the major shift in XRP’s underlying activity throughout the latest move. As previously reported, active addresses on the
What matters most now is whether this demand can prevent the latest setback from turning into something much worse. The technical structure has weakened since the rejection at $1.70, and the token is struggling at $1.40. According to Martinez, this means the asset has failed to hold above the 50-week exponential moving average at $1.54.
This has drawn attention towards the $1.35-$1.38 region as the next important support zone, which is currently being tested. The analyst said that around 3.2 billion XRP was traded in this area, according to URPD, highlighting its importance.
Fellow CRYPTOWZRD market commentator describe the change in recent structure, indicating that XRP was bearish and volatile throughout the day before closing lower. They believe it is crucial to stay above $1.40, but this has not been the case so far.
What about an escape?
Martinez also highlighted the most important resistance barriers to watch if XRP resumes its rally from the previous week. The first is at $1.60, where 1.99 billion tokens have been traded. $1.68 follows suit with a similar number of coins traded.
The biggest hurdle is at $1.86, where 3.47 billion XRP was traded. A break above this level may open the door to a run towards the psychological $2.00 level and up to $2.19 thereafter.
XRP AT KEY SUPPORT
After rebounding 71.8% from $0.988 to $1.698, XRP has entered a 20% correction and is now testing a major support zone.
According to URPD, around 3.2 billion XRP was traded between $1.35 and $1.38, making it one of the strongest levels of demand.
As… pic.twitter.com/i5r1tPsMJe
– Ali Charts (@alicharts) August 29, 2026
The article XRP’s 70% Rally Fades: Here’s the Level That Could Decide What Happens Next appeared first on CryptoPotato.