XRP News: Price Faces Crucial Support Test After August Rally Loses Steam

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

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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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.

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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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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