# XRP's Rally Stalls: Critical Support Level Under Test XRP's 70% rally has stalled, now testing the $1.35 support level. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-08-29 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/d1724d98-1900-475b-a209-1495431bdca2 ## XRP's Impressive Rally Ripple's XRP token showed an impressive recovery in the last 10-12 days, rising from below $1.00 to $1.70. However, this rally has stalled, and the token is now struggling at $1.40. Fed Chair Kevin Warsh's comments at Jackson Hole negatively impacted the market. XRP retreated from $1.70, falling below the 50-week moving average. ## Surge in Active Addresses Active addresses on the XRP Ledger surged from 47,180 to 356,000, a 650% increase. Whales (large investors) bought over 300 million tokens in just 96 hours. Can this demand growth prevent further decline? Analysts identify the $1.35-$1.38 range as a critical support level. ## Critical Support Level According to analyst Ali Martinez, XRP failed to hold above the 50-week moving average at $1.54. Attention has now shifted to the $1.35-$1.38 range. URPD data shows 3.2 billion XRP were traded at this level. CRYPTOWZRD noted XRP was volatile and bearish throughout the day. ## Resistance Levels Martinez outlined key resistance levels if XRP resumes its rally: $1.60 (1.99 billion tokens traded), $1.68 (similar volume), and $1.86 (3.47 billion XRP traded). Breaking above $1.86 could open the door to $2.00 and even $2.19. ## Technical Indicators XRP rose 71.8% from $0.988 to $1.698 before a 20% correction. URPD data shows the $1.35-$1.38 range as one of the most important demand levels. Holding this level is crucial for a potential rebound. ## Market Commentary Analysts emphasize the importance of XRP staying above $1.40, but this hasn't been achieved yet. Intraday volatility creates uncertainty for investors. Fed policies and overall market conditions will determine XRP's short-term performance. ## Whale Activity Large investors (whales) bought 300 million XRP in the last 96 hours, indicating significant demand. However, it's unclear if this will prevent further price declines. Analysts are closely monitoring whale movements. ## Outlook and Expectations XRP's short-term future depends on whether the $1.35-$1.38 support level holds. If broken, a deeper correction may occur. If the rally resumes, $1.60, $1.68, and $1.86 could be targeted. Fed policies and market conditions will be decisive. ## Sources covering this story - https://cryptopotato.com/xrps-70-rally-is-fading-heres-the-level-that-could-decide-what-happens-next/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._