XRP defends $1.40 support as pullback meets rising on-chain activity

XRP extended its August 25-26, 2026 pullback after rising nearly 70% from $0.9877 on August 17 to $1.69 on August 22, falling about 6.6% to $1.37 on August 26 and testing the $1.40 support level. Rising XRP Ledger active addresses and transaction volumes indicated renewed network engagement despite cautious broader sentiment, although whale transfers and exchange activity can distort on-chain data. A sustained defense of $1.40 could support a recovery attempt, with resistance near $1.50 and $1.60, while a decisive break could expose $1.30, $1.20 or potentially $1.00. XRP's daily RSI had reached 88 during the rally but was later described as neutral. Broader crypto liquidations varied by timing and aggregation, from an hourly $119 million wave and reported 24-hour totals of $650 million to a later Coinglass reading of $306 million, while traders awaited U.S. inflation and growth data, NVIDIA earnings and Federal Reserve Chair Kevin Warsh's August 28 Jackson Hole speech.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.