Rippel;s XRP price is taking a breather after one of its strongest weekly rallies, falling 6.61% to $1.37 over the past 24 hours. The decline comes after XRP climbed about 44% in a week and reached the $1.66 resistance area, leaving leveraged traders exposed as momentum cooled.
Binance’s XRP leverage ratio reached a seven-month high, and the resulting unwind triggered about $18.9 million in long liquidations. The broader crypto market has also weakened, adding pressure to the XRP price.
The immediate question is whether $1.37 marks the start of a deeper correction toward $1.10–$1.38 or simply a reset before buyers return. One analyst already has a bullish roadmap that points toward $1.66, $1.93 and eventually $2.25.
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XRP Price Pullback Could Set Up Another Move Toward $2.25
More Crypto Online’s latest XRP analysis argues that the current decline is part of a corrective phase after rejection around $1.66. The analyst’s key condition is simple: XRP needs to establish a higher low inside the $1.10–$1.38 zone. If buyers defend that area, the broader bullish structure remains valid and the XRP price could attempt another move toward $1.66.
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— More Crypto Online (@Morecryptoonl) August 26, 2026
XRP appears to be starting a pullback after the strong rally and rejection from $1.66 resistance.
A corrective pullback into $1.10–$1.38 that holds a higher low would keep the bullish scenario alive and support another move toward $1.66, $1.93 and $2.25. pic.twitter.com/Yhe3c5lwcv
The chart uses Elliott Wave analysis alongside Fibonacci retracement levels to map the potential correction. The 38.2% retracement is at $1.37883, the 50% level is $1.29291, the 61.8% level is $1.21234 and the 78.6% level is $1.10622. Together, these levels create the $1.10–$1.38 range identified by the analyst.
That makes the current $1.37 XRP price particularly important. Ripple’s XRP is already near the upper boundary of the proposed retracement zone. A recovery from this area would give buyers an opportunity to form the higher low required for the bullish scenario. A sustained break beneath the lower end of the zone would weaken that setup and put deeper Fibonacci levels into play.
The XRP Price Targets $1.66, $1.93 and $2.25
If the correction produces a higher low, More Crypto Online maps three major upside targets. The first is around $1.66, matching the previous resistance and the 38.2% Fibonacci extension at $1.66353.
The second target comes near $1.93, with the chart placing the 50% Fibonacci extension at $1.93735. The third is $2.25, almost exactly matching the 61.8% extension at $2.25624. Reaching $2.25 from $1.37 would require an increase of roughly 64%.
The chart also shows a higher Fibonacci extension near $2.80, but $2.25 is the key target in the analyst’s immediate bullish roadmap. The projected path therefore depends first on XRP surviving the correction, then reclaiming $1.66 before buyers can target the higher levels.
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Leverage Makes the XRP Price Correction More Important
The technical setup comes at a time when derivatives positioning has become a major source of risk. Binance’s XRP leverage ratio reached a seven-month high before the decline, and $18.9 million in leveraged long positions were liquidated.
After a 44% weekly rally, profit-taking can also create additional selling pressure when highly leveraged traders are forced out.
For the XRP price, $1.40 remains an important near-term area. Holding above or reclaiming that level could help XRP consolidate after the rally. A decisive break below the $1.40 area increases the risk of a move toward $1.25, with the broader technical zone extending down toward $1.10.
The bigger bullish thesis has not disappeared, but it now depends on how Ripple’s XRP price behaves during the correction. If buyers defend $1.10–$1.38 and form a higher low, the path toward $1.66, $1.93 and $2.25 remains open. If that zone fails, the XRP price could face a deeper retracement before another bullish attempt.
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