Here’s the Downside Target to Watch

Ripple’s native cryptocurrency XRP had a phenomenal run this week, surging nearly 31% over the past seven days. It went from a low of $1.15 to a high of $1.66 this week, but found support at $1.40. The leading altcoin is now looking to move upward, as buying activity has increased. The latest data from Traders Union shows that Spot XRP ETFs saw a total inflow of $1.57 billion in a week. The lowest single-day inflow was $125 million on August 20, 2026. The influx of funds has only increased since then, strengthening the altcoin’s prospects in the charts.

Now that XRP is maintaining its momentum, traders are increasingly cautious about the next downturn. The altcoin has a history of erasing gains after a rally, which makes taking an entry position now a risky affair. Moreover, the one thing that’s keeping the market up is Bitcoin’s performance. BTC is sustaining its $78,000 level and has not seen any backward momentum. The White House considering buying a sizeable number of Bitcoins is what’s keeping the broader cryptocurrency market up.

Also Read: XRP Just Flashed a Rare Signal: A Major Move Could Be Coming

XRP Downside Target To Keep an Eye on

XRP has found immediate support at the $1.40 level as it has crossed above its MA-20 but remains below the MA-50. The altcoin also continues to hold above the long-term MA-200 this week. This shows that the altcoin is in a position of strength and the downward trend might not be too drastic. Traders Union has predicted that the downward target for XRP could fall at the $1.30 zone. However, they gave the altcoin a 55% chance of surging in value.

According to the price prediction, XRP could reach a high of $1.57 next. Analysts and fintech firms remain bullish on XRP’s prospects this time around. The cryptocurrency markets are breathing a sigh of relief in August after experiencing a dampened year. A leg-up from here could make the market go further bullish, with retail traders opening up their wallets.