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XRP dips to $1.44 amid high leverage and short-selling pressure after a 44% weekly rally.

Market News
27 Aug 2026, 17:33 WIB
Dailycoin
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Neutral
XRP dips to $1.44 amid high leverage and short-selling pressure after a 44% weekly rally.

XRP's price pulled back to around $1.44 following a strong 44% weekly rally that pushed it from near $1.00 to $1.70. This retreat comes as leveraged trading on Binance hits a seven-month high, with many large traders holding short positions between $1.22 and $1.52, suggesting skepticism about the rally's sustainability. The key support zone of $1.45 to $1.50 is now critical; holding this range could indicate consolidation, while a break below may trigger liquidations and sharper declines due to crowded leverage. Despite short-term risks, some investors remain optimistic due to growing institutional interest and developments like Ripple’s stablecoin RLUSD.

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