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XRP pulls back after a strong rally, with institutional demand balancing a tough macro environment.

Market News
29 Aug 2026
Coinpaper
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Bullish
XRP pulls back after a strong rally, with institutional demand balancing a tough macro environment.

XRP experienced a sharp rally in August, gaining 43.7% in one week, supported by strong Korean trading and positive U.S. ETF inflows totaling $77.47 million. Despite a recent pullback to around $1.39 from a high near $1.45, institutional demand remains robust, with $1.5 billion in spot XRP ETF assets and significant holdings by firms like Goldman Sachs. Technically, XRP faces resistance at $1.41-$1.45, and its next moves depend on overcoming this level amid a challenging macroeconomic backdrop marked by rising Treasury yields and dollar strength. A break above $1.45 could lead to further gains, while failure might prompt a deeper correction toward $1.36 or lower support zones.

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