web3: Foreign media: XRP rose by over 30% in a week, with support for a pullback looking at $1.30
Watcher.Guru
6h ago
Ai Focus
XRP rose by about 31% in a week. Foreign media say $1.40 is the short-term support level, and the target for a pullback might be around $1.30.
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XRP has shown a clear strengthening over the past week, with its price rising from $1.15 to $1.66, representing a gain of nearly 31% within the week. According to foreign media, as buying interest increases, XRP is currently finding support around $1.40, and the market has begun to turn its attention to the potential pullback space after this round of gains.

Weekly increase of nearly 30%

The report mentioned that XRP touched a high of $1.66 this Monday, then fell back, but has temporarily held above the $1.40 level. It also stated that there has been a continuous increase in capital inflows recently, with the lowest single-day inflow amount being $125 million on August 20, 2026, and since then, the scale of inflows has continued to grow.

In this round of rebound, Bitcoin has remained above $78,000, which is also seen as one of the factors supporting the overall sentiment in the crypto market. Reports suggest that if Bitcoin continues to remain strong, the short-term performance of mainstream altcoins could still benefit.

$1.40 serves as a short-term support level

From a technical perspective, XRP has crossed above the 20-day moving average, but it is still below the 50-day moving average, while continuing to remain above the 200-day moving average. Based on this, foreign media believes that the current trend still has a certain degree of resilience, and even if there is a pullback, the decline is not likely to expand rapidly.

However, the article also reminds that XRP has previously given back some of its gains after a rapid rise, so the market is cautious about chasing high prices. For short-term traders, whether it can continue to hold above $1.40 in the future will affect whether this rebound can continue.

Callback target looking towards $1.30

The report cites the judgment of Traders Union that if XRP moves into a callback, the $1.30 range is a noteworthy support level. At the same time, the institution still estimates a roughly 55% chance of an increase and predicts that the next high point could reach around $1.57.

Overall, this article continues to hold an optimistic market view: on one hand, the short-term increase in XRP is already significant, and the risk of a pullback still exists; on the other hand, as long as Bitcoin remains strong and capital flows continue to enter, XRP is still likely to maintain a relatively active price performance.

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