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XRP tests key support near $1.38 amid correction, with potential to rally toward $3.40 if pattern holds.

Analyst Insights
08 Sep 2026
Zycrypto
View Source
Bullish
XRP tests key support near $1.38 amid correction, with potential to rally toward $3.40 if pattern holds.

XRP has pulled back nearly 4% from its recent peak of $1.70, entering a correction phase testing critical support around $1.38. Analysts see this as a healthy reset, with historical patterns suggesting a possible rally toward $3.40 if key support holds. Momentum indicators and on-chain data show buying interest near $1.35-$1.38, reinforced by strong institutional inflows into XRP ETFs. Resistance levels to watch include $1.60, $1.68, and $1.86, with a break above $1.86 potentially opening the path to $2.19 and beyond.

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