Watch Out for This Downside Target

Ripple’s native cryptocurrency XRP enjoyed a stellar week. The price of XRP soared by 31% within the last 7 days. The price went up from $1.15 this week to $1.66 but was supported at $1.40. Now that buying has increased, it is looking for the altcoin to rise. The altcoin that is leading the pack now looks to be moving upwards, as buying activity has increased. latest data from Traders Union shows that Spot XRP ETFs saw a total inflow of $1.57 billion The average weekly inflow was $125 million. On August 20, 2026, the lowest inflow of funds was $125,000,000. Since then, the influx of money has increased and boosted the altcoin’s chances in the charts.

XRP’s momentum has traders more concerned about the next drop. Altcoins have a tendency to erase gains following a rally. This makes it risky for traders to take an entry. Bitcoin’s performance is also the main thing driving the market upwards. BTC has maintained its level of $78,000 and is not showing any signs of a downward trend. What’s driving the cryptocurrency market higher is that White House officials are considering purchasing a large number of Bitcoins.

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XRP: Downside target to keep an eye on

XRP found support immediately at the $1.40 mark, having crossed over its MA-20. However, it remains below the MA-50. This altcoin is also holding above the MA-200 on a long-term basis. The altcoin appears to be in a strong position and the trend down may not be as drastic. Traders Union predicts that the downward goal for XRP will be around $1.30. They gave the altcoin 55% of a chance to surge in value.

According to this price forecast, XRP may reach a new high of 1.57 USD next. This time, analysts and fintech companies remain optimistic on XRP. After a year of a dulled cryptocurrency market, the markets breathe a relief this August. The market could go even more bullish if it gets a boost from now on. Retailers will be opening their wallets.