XRP tests $1.35-$1.38 support after 20% retreat from $1.70 peak

  • XRP is testing $1.35-$1.38 support after a 20% correction from its $1.698 high.
  • XRP rose 1.51% to $1.40 but remains down 6.51% over seven days, while RLUSD supply crossed $1 billion on the XRP Ledger.
  • Historical XRP activity identifies resistance at $1.60, $1.68 and $1.86, with $2.19 as the next cited target above $1.86.

XRP rose 1.51% in 24 hours to $1.40 while testing the $1.35-$1.38 demand zone after correcting about 20% from a rally high of $1.698. The token had climbed 71.8% from $0.988, while UTXO Realized Price Distribution data shows roughly 3.2 billion XRP traded in the support region. XRP remains down 6.51% over seven days, with losses on four of the past six days. Historical trading activity identifies resistance at $1.60, $1.68 and $1.86, where 1.99 billion, 1.98 billion and 3.47 billion XRP traded, respectively; a move above $1.86 could put $2.19, supported by another 3.12 billion XRP traded, in focus. Binance's estimated XRP leverage ratio reached a seven-month high after the token reversed from $1.69 on Aug. 22. Active XRP Ledger addresses rose from 47,180 to more than 356,000, whales accumulated more than 300 million XRP in 96 hours, and spot XRP ETFs recorded eight consecutive positive days. RLUSD supply on the XRP Ledger has crossed $1 billion, while Evernorth cleared Securities and Exchange Commission registration and Ripple launched Delta One within Ripple Prime.

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XRP tests $1.35-$1.38 support after 20% retreat from $1.70 peak - CoinPost Terminal