XRP consolidates near $1.35 after August breakout
XRP (XRP)
Editor:
Eugene Serbin
u.today reports that XRP is consolidating following one of its largest breakouts of 2026, with the asset currently trading at approximately $1.41. After rising from an intraday low of about $1.38, the coin has reclaimed its 200-day moving average, which sits near $1.35 and now serves as the chart's most crucial support level. This recovery from the long-term downward trend is considered a significant development, as the price has spent multiple sessions above this indicator.
The 20-day EMA has accelerated to roughly $1.26, while the 50-day and 100-day averages remain significantly lower at $1.14 and $1.21 respectively. This wide gap illustrates how rapidly XRP surged from its August low of about $1.00. The Relative Strength Index has cooled from overbought territory to approximately 66, suggesting momentum is returning to normal levels.
The immediate resistance zone lies between $1.45 and $1.50, where XRP has struggled to sustain momentum after the initial breakout. A daily close below the $1.35 support could put the asset at risk of a more severe correction, whereas holding above it strengthens the claim that the prior trend has broken.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 31 August 2026. Not the outlet's figures.
Whalio data shows XRP trading at $1.36 on Binance spot, reflecting a shift in short-term sentiment compared to the broader daily trend. The 1-hour buy ratio stands at 55.8%, indicating immediate buying pressure, which contrasts with the 4-hour ratio of 43.6% and the 24-hour ratio of 47.1%. This divergence suggests that while short-term buyers are active, the broader 24-hour flow is dominated by sellers, evidenced by a negative volume delta of -$7,461,154. The volume delta measures the difference between buy and sell volume; a negative figure means more volume was executed at the ask price, signaling selling pressure. Over the last 24 hours, net buying occurred for only 11 hours, further confirming that sellers have controlled the flow for the majority of the day.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Twenty-four hours later
What XRP did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Compared to the preceding week, today's activity represents a continuation of a bearish trend rather than an isolated event. The 7-day average buy ratio was 49.6%, and today's 24-hour ratio of 47.1% is 2.4 percentage points lower than that average. Additionally, spot volume today was only 0.50 times the weekly average, indicating significantly reduced participation. Over the past eight days, the price has dropped by 10.7%, with a total volume delta of -$42,731,442. This context places today's modest decline within a broader pattern of weakening momentum and lower volume over the last week.