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 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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Can XRP Price Hit $1.5 This Week Amid Bearish Jackson Hole News?

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.

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