\n
<\/p>\n
The price rally initiated by the cross-border token in mid-August was halted at $1.70, and the subsequent correction drove it south hard to under $1.35. However, the asset managed to rebound swiftly and now sits above a key support level at $1.40.<\/p>\n
This has provided additional fuel to popular bullish analysts such as EGRAG CRYPTO to map out XRP’s next move, which could take it north by almost 100%.<\/p>\n
The token’s recovery coincided with a substantial increase in trading activity as the spot volume across major exchanges skyrocketed<\/a> to its highest level since February in late August. Binance alone handled almost $7.3 billion in XRP spot trades, followed by South Korea’s Upbit ($4.7 billion) and Bithumb with $2.6 billion.<\/p>\n EGRAG argued<\/a> that XRP is now attempting to establish a bullish continuation pattern after recovering from the recent pullback that drove it from $1.70 to $1.33 in just over a week. The key here will be whether buyers can reclaim the resistance area that has repeatedly capped the asset’s breakout attempts.<\/p>\n If XRP is finally successful, it could aim at $2.70, said EGRAG, which would be a 100% move from the recent lows. However, there are still several hurdles in place.<\/p>\n The first major resistance level stands at $1.50, followed by the next at $1.60. Only if XRP is able to decisively close above both on the daily, it would have the opportunity to target the psychological $2.00. If it doesn’t, it can rely again on the $1.25-$1.30 support, which was already tested successfully recently.<\/p>\n Aside from the hurdles, there are some encouraging signs behind the latest leg up. Perhaps the most notable comes from the ETF inflows, as the financial products registered<\/a> their best week in 2026 at the end of August, attracting over $110 million. The cumulative net inflows consequently tapped a new all-time high of $1.66 billion.\u00a0Although the trend cooled in the past week, the funds still closed in the green as they have done for the past two months straight.<\/p>\n Ripple whales have also been on a substantial accumulation spree lately. Although these positive developments do not guarantee that EGRAG’s $2.70 target will materialize, they show that demand is still present despite the underlying asset’s rejection at $1.70. However, before it aims at $2.70, XRP would have to overcome other key resistance lines, with the first located at $1.50.<\/p>\n The post XRP Bulls Defend Key Level as Analyst Envisions Another 100% Rally<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\nDemand Still Present<\/h2>\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The price rally initiated by the cross-border token in mid-August was halted at $1.70, and the subsequent correction…\n","protected":false},"author":2,"featured_media":46852,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-46851","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/46851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46851"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/46851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/46852"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}