XRP has declined nearly 4% over the past week after retreating from a recent rally that briefly pushed the token toward $1.70. The pullback has prompted analysis from several market observers examining whether the decline represents a temporary correction or a shift in momentum.
Analyst SeffafNet pointed to historical price action, noting that XRP is repeating a pattern similar to its 2024 movements. According to the analyst's comparison of 2024 and 2026 price charts, the token could face several key milestones before potentially reaching $3.40 if the historical pattern plays out.
Multiple analysts have identified the $1.35-$1.38 region as the most critical support level for XRP during the current correction. Analyst Ali Martinez noted that approximately 3.2 billion XRP were previously traded within that range, establishing it as a significant demand zone. On-chain data from Santiment corroborates this importance, showing that more than 4.8 billion XRP were previously acquired between $1.31 and $1.38.
Analyst Diana highlighted $1.38 as the key level to monitor, suggesting that if buyers defend this support and XRP reclaims the recent range, the next targets would be $1.88, followed by $4.11 and $7.07 according to Elliott Wave analysis. She also noted that momentum indicators on the four-hour chart showed recovery, with the relative strength index rising to around 47.5 and moving above its signal line.
Additional resistance levels identified by analysts include $1.60, $1.68, and $1.86, with a break above $1.86 potentially opening the way toward $2.19. At the time of reporting, XRP was trading at $1.41, up 1.71% over the previous 24 hours.
Institutional demand has also remained present, with U.S. spot XRP ETFs recording $73.2 million in net inflows during the week of August 24, alongside approximately $105 million in XRP purchases.
