XRP slipped below the $1.40 mark this week, following a decisive move out of a tightening triangle pattern. The token is now trading within the $1.34 to $1.37 range, reflecting ongoing selling pressure and uncertainty about short-term price direction.
Technical levels and analyst comments
XRP’s latest decline began after price action was rejected near the $1.43 to $1.45 area. XAUApex, an analyst on TradingView, commented that XRP broke down from a symmetrical triangle, describing the new setup as lower highs and lower lows. This movement signals a shift in the short-term market structure, but analysts caution it does not confirm an extended downtrend yet. A sustained rebound above the $1.43 to $1.45 range could weaken the current bearish case.
XRP reached a recent high just below $1.70, but since then, the token has faced resistance reclaiming the $1.40 level. Prior rallies have failed to establish a firm upward trajectory, adding to concerns among some traders.
Key support and recovery scenarios
The $1.31 price level is the first support that traders are closely watching. According to Camarilla pivot data, the S1 technical support is at $1.3143. Shorter-term moving averages, such as the 30-period, currently sit near $1.327 to $1.338 and are positioned slightly above the prevailing price. Analyst vandell33 observed that XRP is consolidating between the 50-week and 200-week moving averages—a configuration that has historically led to lower breaks.
If selling intensifies, price could target the $1.17 zone, where the 100-period simple moving average aligns closely with $1.168. Analyst Setupsfx_ pointed out a possible recovery scenario: after a move down to around $1.1673, a bullish rejection and two-day close above that level, followed by a higher low, could establish the foundation for a reversal. However, a drop below $0.9929 is expected to invalidate this bullish setup.
| Level | Type | Price |
|---|---|---|
| S1 Support | Camarilla Pivot | $1.3143 |
| Moving Average (30-period) | Short-term Support | $1.327–$1.338 |
| Support Zone | 100-period SMA | $1.168 |
| Invalidation level | Recovery Setup Fail | $0.9929 |
On-chain data and whale activity
On-chain metrics support the bearish sentiment over the past several weeks. Analyst Ali Martinez observed that XRP dropped nearly 20% over a three-week period, sliding from $1.70 to approximately $1.35, as large holders either sold or moved about 90 million tokens in the past week.
The activity among wallet addresses on the XRP Ledger also sharply declined, with daily active addresses falling from around 388,000 to just 38,000, marking a drop of more than 90%.
Historical transaction data indicates that roughly 2.29 billion tokens were previously exchanged around the $1.35 level, forming a significant accumulation zone. Market indicators present a mixed outlook: the 14-period Relative Strength Index hovers at 53.6, reflecting neutrality, while other momentum signals and the MACD detect ongoing selling. The latest technical count shows 6 sell, 9 neutral, and 11 buy signals, underlining market indecision.
Signs of renewed upside could appear if XRP reclaims $1.38, as technical and on-chain analysis suggest this move may prepare the ground for a push toward $1.60 to $1.68, with resistance ahead near $1.445, $1.510, and $1.575 as per Camarilla levels, and $1.626 on the Fibonacci R1 metric.
Ripple’s stablecoin ambitions and regulatory backdrop
Ripple, the fintech company behind XRP, is drawing attention for its plans around RLUSD, its new stablecoin. According to comments from Ripple’s stablecoin lead, the company seeks to serve corporate treasuries processing as much as $13 trillion in transactions annually. Host Tony Edward at Thinking Crypto noted this target puts Ripple’s stablecoin in direct competition with major financial infrastructure platforms.
Mini dictionary: RLUSD, Ripple’s stablecoin initiative, is designed to offer a USD-pegged digital asset for institutional and corporate use. Stablecoins like RLUSD are typically backed by fiat currency reserves and enable efficient, low-cost transactions on blockchain networks.
Looking ahead, the U.S. Senate will vote on the CLARITY Act on September 15, which aims to shape the regulatory environment for digital assets in the United States.
For the moment, XRP remains in a ranging market structure, with support levels at $1.31 and $1.17 drawing the most attention from traders and analysts.
