XRP is currently defending a crucial support level at $1.40, following a recent correction that saw its price dip below $1.35. This defense of the support level comes as analyst EGRAG CRYPTO has projected a potential 100% rally for XRP, targeting a price of $2.70.
The price action in late August saw XRP recover from a pullback that moved it from $1.70 to $1.33 within a little over a week. The asset has since managed to stabilize above the $1.40 mark. This recovery has coincided with a significant increase in trading activity across major exchanges, with spot trading volumes reaching their highest levels since February during late August. Binance reported nearly $7.3 billion in XRP spot trades, followed by Upbit with $4.7 billion and Bithumb with $2.6 billion.
Analyst EGRAG CRYPTO suggests that XRP is attempting to establish a bullish continuation pattern. According to EGRAG CRYPTO, if XRP successfully overcomes key resistance levels, it could potentially reach $2.70, which would represent a 100% increase from recent lows. However, this outlook is contingent on XRP breaching several resistance barriers. The first significant resistance is noted at $1.50, with a subsequent level at $1.60. A decisive daily close above both these levels would be necessary for XRP to target a psychological price of $2.00.
Should XRP fail to break through these resistance levels, it may fall back to the $1.25-$1.30 support range, which has been tested successfully in the recent past. The analyst’s prediction of a $2.70 target is presented as a possibility rather than a certainty, with EGRAG CRYPTO acknowledging that demand remains present despite previous rejections at the $1.70 level.
Further supporting the notion of growing demand are recent trends in ETF inflows. Financial products related to XRP experienced their best week of 2026 at the end of August, attracting over $110 million. This contributed to cumulative net inflows reaching a new all-time high of $1.66 billion. While the pace of inflows may have cooled in the past week, these funds have consistently closed in the green for the preceding two months. Additionally, reports indicate that large holders, often referred to as Ripple whales, have been actively accumulating XRP.
Despite these positive indicators, significant uncertainties remain. The ability of buyers to reclaim and hold above the resistance areas that have previously capped XRP’s upward movements is a key factor. The realization of EGRAG CRYPTO’s $2.70 price target is dependent on overcoming these technical hurdles. While the current defense of the $1.40 support level and increased market activity are encouraging signs, the path forward for XRP is not guaranteed and remains subject to market dynamics and the successful breach of critical resistance points.
Why This Matters
The current price action shows XRP defending a support level at $1.40. The potential for a significant rally exists, but it is contingent on overcoming key resistance levels, as highlighted by analyst EGRAG CRYPTO’s prediction. The outcome remains uncertain and dependent on market dynamics.
Broader Context
Source materials place the factual news in this context: 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. XRP has since managed to rebound and is now sitting above a key support level at $1.40.
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