XRP Price Prediction: XRP Pulls Back After $1.7 Push Stalls, Is the Rally Over?

TradingKey - On August 26, Ripple (XRP) price fluctuated lower, falling over 4% today and dropping below $1.5. Since August 19, XRP price had been continuously rising, surging past $1.7 on August 22, up 70% in less than four days. However, after hitting strong resistance at $1.7 and pulling back, does this mean the rebound rally is completely over?

Recently, U.S. Treasury Department intervention in the Treasury market raised concerns over U.S. debt deficit monetization and U.S. dollar depreciation. Meanwhile, the Senate's push for the Digital Asset Market Clarity Act and the SEC's release of new cryptocurrency rules resonated to drive a rally in Bitcoin and the broader crypto market. However, Bitcoin pulled back after briefly breaching the key $80,000 mark, dragging XRP down with it, which was the core reason for its decline.

In addition, Bitcoin's high dominance drained most market liquidity, making it difficult for altcoins to sustain continuous, one-sided surges. Moreover, XRPL's daily on-chain transaction volume and network base fee burns failed to show synchronized explosive growth. Under these circumstances, as XRP surged into the $1.50–$1.70 range—a zone of previous multiple peaks and concentrated volume—earlier trapped positions and short-term profit-taking capital chose to exit, generating strong selling pressure.