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<h2 id="strong-key-takeaways-strong"><strong>Key Takeaways</strong></h2><div class="light-yellow-block"><ul><li><strong>The $1.55 breakout level gave way before buyers could establish it as support.</strong></li><li><strong>Intraday selling hit a low of $1.43 during the pullback.</strong></li><li><strong>The $1.35-$1.40 zone stands out as the next crucial demand pocket.</strong></li><li><strong>Open interest has cooled off slightly, shedding some excess leverage.</strong></li><li><strong>Today’s daily close will determine if this correction deepens.</strong></li></ul></div><h2 id="the-1-55-support-flip-fell-through">The $1.55 support flip fell through</h2><p>In yesterday’s <a href="https://coindoo.com/xrp-stops-weekly-gain-levels-now/" rel="noopener noreferrer nofollow">XRP analysis</a>, $1.55 was the line in the sand. It marked the old May swing high, the exact spot bulls needed to defend to keep momentum rolling toward $1.70.</p><figure id="attachment_187689" style="width: 100%" class="wp-caption aligncenter"><a href="https://coindoo.com/wp-content/uploads/2026/08/xrp-price-chart-1.jpg" rel="noopener noreferrer nofollow"><img class="size-full wp-image-187689" src="https://coindoo.com/wp-content/uploads/2026/08/xrp-price-chart-1.jpg" alt="TradingView daily chart for XRP (XRP/USD) on Coinbase showing an aggressive vertical price spike breaking above 1.50 USD on August 23, 2026, alongside moving averages and volume indicators." width="1280" height="1149"></a><figcaption id="caption-attachment-187689" class="wp-caption-text"> XRP daily price chart highlighting the pullback after an explosive bullish rally. </figcaption></figure><p>They barely got a chance to try. After a brief spike to $1.70, XRP slipped right back under $1.55 instead of building a base above it. Price action bottomed at an intraday low of $1.43 before stabilizing around $1.45 at the time of writing. Just like that, the market dropped back below the breakout checkpoint and started hunting for fresh <a class="wpg-linkify wpg-tooltip" rel="noopener noreferrer nofollow">liquidity</a>.</p><p>A pullback like this stings, but perspective matters. CoinGlass data shows XRP down roughly 9% over 24 hours, yet still sitting on a massive 45% gain for the week. A violent correction after a 60%+ sprint is textbook crypto behavior. It only turns toxic if buyers completely abandon the lower levels that actually matter.</p><h2 id="1-35-1-40-is-the-next-real-stress-test">$1.35-$1.40 is the next real stress test</h2><p>That initial bounce near $1.43-$1.45 is just a knee-jerk reaction, not a confirmed base. If bears keep the pressure on, look straight to the $1.35-$1.40 band. That zone acted as a heavily traded price shelf all through April and May, giving it way more technical weight than some random psychological number.</p><p>A controlled slide into that region, followed by a daily close back above it, would give XRP some breathing room to digest its massive advance. If that happens, bulls can reset and try to reclaim $1.55 before setting their sights back on $1.70.</p><p>Lose $1.35-$1.40 on a daily close, however, and the narrative shifts a bit harder. At that point, the 200-day moving average near $1.27 becomes the primary safety net, backed by the 100-day average at $1.15 and the 50-day average down near $1.09.</p><h2 id="derivatives-cool-down-but-futures-still-run-the-show">Derivatives cool down, but futures still run the show</h2><p>The futures market looks a bit healthier than it did at the peak. Open interest dropped from roughly $3.87 billion down to about $3.53 billion, a roughly 9% purge that suggests some of the froth has finally been wiped out.</p><p>Don’t mistake that for calm waters, though. CoinGlass figures show XRP futures racking up $11.99 billion in 24-hour volume compared to a mere $2.99 billion in spot turnover. Derivatives traders are still out-trading the cash market by a factor of four.</p><p>That kind of imbalance leaves XRP prone to sudden whiplash in either direction. If support holds while open interest stays low, this pullback is just a healthy reset. But if eager speculators pile fresh leverage back in before $1.55 is safely recovered, the market is setting itself up for another brutal flush.</p><h2 id="today-s-close-might-tell-the-real-story">Today’s close might tell the real story</h2><p>The daily RSI is still hovering above 85, a glaring reminder that XRP’s engine is running hot even after the sell-off. That doesn’t mean a total collapse is guaranteed tomorrow, but it does mean a straight shot back to all-time highs is unlikely.</p><p>The roadmap from here is pretty straightforward. Holding $1.43-$1.45 keeps the bleeding to a minimum. A deeper dip that manages to find willing buyers at $1.35–$1.40 keeps the macro recovery intact. And a decisive daily reclaim of $1.55? That would prove the failed support test was just a temporary fakeout.</p><p>For now, XRP is stuck in that awkward phase of a raging bull run where the market has to prove real demand exists long after the momentum chasers have already locked in their profits. Tonight’s close could tell us whether this is just a standard shakeout, or the start of a much wider unwinding.</p><p><em>This article is provided for informational purposes only and does not constitute investment advice.</em></p><p>The post <a href="https://coindoo.com/xrp-drops-where-could-support-hold/" rel="noopener noreferrer nofollow">XRP Drops to $1.45: Where Could Support Hold?</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

XRP Drops to $1.45: Where Could Support Hold?

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