XRP (XRP) Price: Drops to $1.44 After Overbought RSI Signal
by Maisie Morrison · BlockonomiTLDR
Table of Contents
- XRP traded near $1.44, down 5.36% over 24 hours, but still up 43.7% for the week.
- Binance’s XRP leverage ratio hit 0.21, its highest level since January, raising liquidation risk.
- Futures volume reached $6.4 billion, more than five times the reported $1.2 billion in spot activity.
- RSI sits at 74.29, above the overbought threshold of 70, while MACD momentum stays positive.
- Analyst Ali Martinez reported XRP active addresses jumped 654.71% to 356,070 wallets.
XRP traded near $1.44 on Aug. 26, down 5.36% over the past 24 hours. The drop followed one of the token’s strongest weekly rallies since 2024.
The token climbed from about $1.00 on Aug. 18 to an intraday high of $1.69 on Aug. 22. That move produced gains of more than 50% before XRP pulled back to current levels.
Despite the pullback, XRP remains 43.7% higher than it was seven days ago. The token is still more than 60% below its July 2025 record of $3.65.
The rally followed improving conditions across the wider crypto market. Bitcoin moved toward $80,000 as falling U.S. Treasury yields and renewed ETF demand brought buyers back to riskier assets.
Leverage Climbs to a Seven-Month High
XRP’s estimated leverage ratio on Binance reached 0.21, its highest reading since January, according to CryptoQuant data. The ratio compares futures open interest with the amount of XRP held in exchange reserves.
Futures open interest stood near $3.45 billion on CoinGlass. Futures trading volume reached $6.4 billion over 24 hours, more than five times the reported $1.2 billion in spot activity.
Long positions dominated several exchanges. Binance recorded close to two long accounts for every short, while its top traders showed nearly three longs for each short.
Heavy long exposure does not guarantee a correction, but it can amplify losses if the price breaks below nearby support. Forced liquidations happen when exchanges close positions that fall below required collateral levels.
Momentum Signals and ETF Trading
XRP’s relative strength index reached 74.29, above the standard overbought level of 70. The MACD line stayed above its signal line, showing that upward momentum has not fully faded.
Immediate resistance sits between $1.45 and $1.50, followed by $1.56. Support lies near $1.42, with a break below that level potentially opening a move toward $1.30 to $1.35.
Trading in the Bitwise XRP ETF exceeded $80 million during its strongest recent session, according to data shared by Teddy Fusaro. The fund held about $494.1 million in net assets as of Aug. 24.
That trading volume shows shares changing hands, not new money entering the fund. U.S. spot XRP ETFs recorded $13.8 million in combined net inflows on Aug. 24, part of a cumulative total near $1.56 billion.
Analyst Ali Martinez pointed to a sharp rise in network activity, reporting that XRP active addresses jumped 654.71%, from 47,180 to 356,070. His figures track wallets sending or receiving transactions rather than confirmed accumulation.
A separate claim from BankXRP said receiving addresses rose 698%, though the post did not name a data source or time frame. That figure has not been independently confirmed.
The current 24-hour trading range for XRP runs from $1.42 to $1.52, with volume near $3.89 billion. XRP was last seen trading around $1.44 as of Wednesday morning.