XRP price is trading at $1.37, down 2% over the past 24 hours, sitting right in the crosshairs of a support zone that’s about to decide whether August’s rally has another act left.
The pullback has erased some of the month’s gains, but the real story is happening beneath the surface, where sellers keep dumping, and the price refuses to fully cooperate. That tension is the whole ballgame right now, and it’s why traders are glued to the $1.35 level.
XRP rallied from $1 to nearly $1.70 earlier in August, but aggregated futures cumulative volume delta (CVD) fell to about $5.89 billion negative even as the price climbed. Spot CVD dropped nearly $1.70 billion, too. That’s a textbook divergence: heavy selling, minimal price damage.
XRP Open Interest, Coinglass
Open interest, meanwhile, spiked toward $1.4 billion during the rally before cooling to around $1.2 billion, suggesting leveraged positions are being unwound rather than piled on.
The market context adds nuance. XRP spot exchange-traded funds (ETFs) pulled in $110.49 million in weekly net inflows, while exchange reserves slid from roughly 2.8 billion to 2.6 billion XRP. Less supply on exchanges, more institutional demand, the combination doesn’t guarantee a bounce, but it does tilt the odds.
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At $1.37 and down nearly 2% on the day, XRP sits just above the widely watched $1.35–$1.33 support band. Trading volume has thinned as the market digests the rejection near $1.50–$1.55, and momentum indicators point to a market catching its breath rather than capitulating outright.
Derivatives positioning remains the key tell here as negative CVD paired with a stable price is either quiet accumulation or a trap waiting to spring.
The bull case: $1.35 holds, ETF inflows keep climbing, CVD stabilizes, and XRP retests $1.70. The base case: choppy consolidation between $1.35 and $1.43 while the market waits for a catalyst. The bear case: a decisive break below $1.33 triggers stop-loss cascades, dragging price toward the low $1.20s.
Three scenarios, one pivot point. Worth watching closely rather than guessing.
MEXC
Maxi Doge Targets Early Mover Upside as XRP Tests Key Levels
Holding $1.37 while absorbing this much sell pressure is genuinely impressive, but let’s be honest, a retest of $1.70 from here is roughly a 24% move on an asset with a market capitalization already in the tens of billions. The same upside exists elsewhere, too, often with more room to run relative to size.
Traders chasing outsized returns are increasingly rotating a portion of capital into early-stage presales where the ceiling hasn’t been tested yet.
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Current presale price sits at $0.0002836, with $4.8 million raised so far and a huge 65% APY staking already live for early buyers.
Research Maxi Doge before deciding if it fits a portfolio built for this kind of cycle.
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