XRP Price Prediction: Momentum and $1.40 Floor to Hold

NewsSat, 29 Aug 2026 10:58:07 UTC2 hours ago
XRP Price Prediction: Momentum and $1.40 Floor to Hold

XRP price trades around the $1.40 to $1.45 range, down from the recent $1.70 peak as the token digests one of its sharpest weekly swings of the year, despite its prediction still leaning bullish. The rally has faded, leaving traders with a much simpler question: Does $1.40 hold, or does this unwind further?

The move traces back to a broken falling wedge pattern and a wave of legislative optimism. President Trump pushed Congress on the CLARITY Act during a White House crypto meeting featuring Rippleโ€™s Brad Garlinghouse. The Senate then moved toward a scheduled cloture vote.

Leveraged shorts were caught wrong-footed, triggering a squeeze that turned the rally into a danger zone once buyers failed to defend the $1.50 to $1.55 area.

Crypto markets remain caught between regulatory optimism and traders carrying increasingly heavy leverage. That tug of war makes the next XRP move particularly important. If buyers can reclaim $1.50, the recent rally could have another act. If $1.40 breaks instead, sellers could start asking how far this correction can really go.

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