XRP is changing hands around $1.37 as the token grinds through a second week of consolidation after August’s rally and news faded. The bulls haven’t lost the plot entirely, but the chart is asking a question few want to answer yet: Is this a pause or the start of something worse? What happens at the next support test could set the tone for September.
The high-leverage long position on $XRP has been liquidated again. pic.twitter.com/d3ArquXz7B
— CW (@CW8900) August 31, 2026
The last 48 hours have been dominated by a post-rally pullback narrative. One market report noted XRP remains up 31% for August despite shedding 8% in a single week, pressured by heavy Binance sell-side volume and hawkish Jackson Hole commentary.
The general crypto sentiment remains choppy heading into September, with macro headlines doing as much damage as any XRP-specific news. That backdrop matters for where the price goes next.
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Can XRP Price Hit $1.5 This Week Amid Bearish Jackson Hole News?
XRP trades at $1.37, off 2% intraday, sitting just above the critical $1.35 support shelf that’s held for over a week. Volume has thinned since the late-August run, a sign that conviction is missing on both sides. Momentum indicators lean neutral-to-bearish, with the token still down nearly 7% on the weekly timeframe despite the monthly gain holding.
Xrp (XRP)24h7d30d1yAll time
The best case would need XRP to reclaim $1.40–$1.43, opening a path toward $1.47–$1.50, especially if ETF flow data keeps surprising to the upside. Most likely scenario is a continued chop between $1.35 and $1.40 while the market digests macro signals.
What the bulls don’t want is a clean break below $1.35, which would expose $1.30–$1.32, with $1.26 as the next line of defense. None of these outcomes is locked in; the setup is watch-and-wait, not commit-and-hope.
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Maxi Doge Targets Early Mover Upside as XRP Tests Key Levels
Holding XRP through this chop hasn’t been fun, and the reward for patience so far has been sideways price action, not a breakout. At the current market cap, even a strong reclaim of $1.43 only nets double-digit percentage moves, respectable, but not the kind of asymmetric setup that changes a portfolio. That’s the gap early-stage plays are built to fill.
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pic.twitter.com/Vg6OpDX6Bq
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The post XRP News: Price Faces Crucial Support Test After August Rally Loses Steam appeared first on Cryptonews.
