XRP News: Price Faces Crucial Support Test After August Rally Loses Steam

XRP is changing hands around $1.37 as the token grinds through a second week of consolidation after August’s rally and news faded. The bulls haven’t lost the plot entirely, but the chart is asking a question few want to answer yet: Is this a pause or the start of something worse?

What happens at the next support test could set the tone for September. The high-leverage long position on $XRP has been liquidated again. pic.twitter.com/d3ArquXz7B— CW (@CW8900) August 31, 2026 The last 48 hours have been dominated by a post-rally pullback narrative.

One market report noted XRP remains up 31% for August despite shedding 8% in a single week, pressured by heavy Binance sell-side volume and hawkish Jackson Hole commentary.The general crypto sentiment remains choppy heading into September, with macro headlines doing as much damage as any XRP-specific news.

That backdrop matters for where the price goes next.Discover: The Best Crypto to Diversify Your PortfolioCan XRP Price Hit $1.5 This Week Amid Bearish Jackson Hole News?XRP trades at $1.37, off 2% intraday, sitting just above the critical $1.35 support shelf that’s held for over a week.