XRP, Shiba Inu (SHIB), Stellar (XLM) and Bitcoin (BTC) Price Analysis for August 28: Moment Where Bulls Should Take the Lead

After its explosive August breakout, XRP is trying to create an entirely new market structure, but the most recent candles indicate that the initial phase of the rally has already cooled. After briefly hitting about $1.70 during the first breakout, XRP is currently trading close to $1.42. The technical picture as a whole is still much stronger than it was earlier in August, despite the significant rejection from that local high. 

XRP crosses multiple thresholds

Most significantly, XRP is still trading above the daily chart's four major moving averages. The 200-day moving average is especially significant; it is currently at $1.35. Since XRP spent the majority of 2026 below this indicator, its recent rise above it is a significant technical shift. 

The breakout structure does not change into another transient price spike as long as XRP stays in the $1.35–$1.40 range. Shorter moving averages offer much less support. The 50-day and 100-day averages are roughly $1.20 and $1.13, respectively, while the 20-day EMA is close to $1.24. After the quick rally, XRP is now somewhat extended, so further consolidation would not necessarily harm the bullish setup. Volume bolsters the move's importance as well.