Neutral
XRP drops 6.23% to $1.38, testing $1.40 support after recent rally.
XRP experienced a 6.23% decline over the past 24 hours, falling to approximately $1.38 and testing the $1.40 support level. This pullback follows a significant rally where XRP surged from $1.00 to a peak near $1.69 between August 18 and 22. The recent downturn is attributed to a technical correction after the overbought conditions and concerns over potential future increases in XRP supply.
Key points
- XRP falls 6.23% in 24 hours, testing $1.40 support as rally unwinds.
- Ripple redeposits 700 million XRP ahead of 1 billion XRP unlock, only 300 million enter market.
- Ripple borrows $275 million to expand its prime brokerage; impact on XRP price remains uncertain.
- XRP's price decline amid global expansion efforts; market response to Ripple's growth strategies mixed.
Sources
- XRP falls 6.23% in 24 hours, testing $1.40 support as rally unwindsGate News · August 26, 2026
- Ripple redeposits 700 million XRP ahead of 1 billion XRP unlock, only 300 million enter marketDigital Today · August 26, 2026
- Ripple borrows $275 million to expand its prime brokerage; impact on XRP price remains uncertainThe Motley Fool · August 26, 2026
- XRP's price decline amid global expansion efforts; market response to Ripple's growth strategies mixedThe Motley Fool · August 26, 2026
AI-generated from public news sources. Not financial advice.
