XRP Price Prediction For August 28

XRP is trading at $1.46, up 5.5% over the past 24 hours and 19% over the past week, as the token pulls back after being rejected near resistance at $1.66. Technical analysis shows the pullback may still have room to run before the broader uptrend resumes.

A Needed Pullback After a Sharp Rally

Chart analysis pointed to XRP entering a corrective phase following a rally that pushed price into resistance at $1.66 before reversing lower. Analysts say that after moves of this size, XRP corrections have historically taken some time to play out rather than resolving quickly.

Support Levels to Watch

The broader support zone under close watch sits between $1.10 and $1.38. Within that range, more specific levels are being tracked:

• $1.38 as the first support level
• $1.29 and $1.21 as intermediate levels
• $1.10 as the lower boundary of the support zone

Holding this zone is seen as important for keeping any near-term bullish scenario intact. A break below $1.10 would open the door to a deeper decline toward a larger support area further down.

How the Pullback Could Unfold

The pullback is expected to unfold in three separate legs: an initial decline, a bounce, and then a final leg down, rather than moving in a straight line. A weaker resistance zone between $1.51 and $1.65 was flagged for the bounce phase, though analysts say this kind of counter-trend bounce often doesn’t respect technical resistance levels as cleanly as a primary trend move would.

What Would Confirm the Uptrend Resuming

If XRP finds support in the broader $1.10 to $1.38 zone and reacts positively, the next resistance levels to watch on a recovery would be $1.66, followed by $1.93 and $2.25. A larger, longer-term support zone between roughly $0.985 and $0.486 remains relevant on a bigger-picture basis, though it would only come into play if the more immediate support levels fail to hold.