XRP is trading around $1.37, down 2% on the day, after two consecutive weeks of consolidation following August’s rally. The token 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 critical $1.35 support level, holding for over a week, is being closely watched: a break would open the path toward $1.30-$1.32, then $1.26. The most likely scenario is continued consolidation between $1.35 and $1.40 while the market digests macro signals. To resume the uptrend, XRP needs to reclaim the $1.40-$1.43 zone to open a path toward $1.47-$1.50.
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