XRP (XRP) Price: 50-Week EMA Rejection Puts $1.30 Support in Focus

TLDR

• XRP fell back below its 50-week EMA (~$1.54) after briefly hitting $1.70.
• Analyst ChartNerdTA calls the weekly close below the EMA a “major caution signal.”
• $1.30-$1.29 is now the key mid-term support zone to watch.
• XRP Ledger active addresses jumped 654.71% in two weeks, per Ali Martinez.
• Binance’s XRP leverage ratio hit its highest level in over seven months.

XRP pulled back after a sharp August rally. The token fell below its 50-week exponential moving average, near $1.54, after briefly reaching $1.70.

Chart analyst ChartNerdTA posted on X that the weekly close below the 50-week EMA is a “major caution signal” for XRP. The analyst said reclaiming $1.54 would invalidate the bearish setup.

ChartNerdTA’s chart also showed XRP had cleared its 20-week EMA near $1.23 during the rally. The 50-week EMA has proven harder to break above.

The rejection followed a roughly 49% weekly gain for XRP. That surge pushed the token from below $1 to near $1.70 in a matter of days.

XRP Support Levels to Watch

ChartNerdTA’s chart marks $1.30 to $1.29 as the first mid-term support zone. A break lower could bring $1.18 to $1.10 into play.

A deeper decline could test $1.00 to $0.98. TradingView data placed the 10-day EMA near $1.33 and the 200-day EMA near $1.35, both close to the current price.

XRP traded around $1.36 on Bitstamp, down about 4.85% on the day. Moving averages still leaned bullish, with 13 buy signals against one sell and one neutral reading.

The 14-period RSI sat near 65, cooler than rally highs. The MACD stayed positive, though the 10-period momentum reading turned to a sell signal.

XRP Price on CoinGecko

Network Activity and Leverage Rise

On-chain data tracked by analyst Ali Martinez showed XRP Ledger active addresses jumping 654.71% in two weeks. The count rose from 47,180 on August 10 to 356,070 on August 24, according to Santiment figures shared in the post.

The increase lines up with XRP’s climb toward $1.70. More addresses transacting suggests wider participation, though it does not set price direction on its own.

Derivatives data added another layer to the picture. CryptoQuant, in a post on X, said Binance’s XRP leverage ratio climbed to about 0.213, its highest reading in over seven months.

The leverage ratio compares futures open interest with XRP held on the exchange. CryptoQuant noted rising leverage alongside price gains can point to fresh positions and trader confidence.

Higher leverage also raises liquidation risk if price moves against crowded positions. CoinDesk reported XRP futures volume near $6.4 billion over 24 hours, more than five times spot volume.

Open interest stood near $3.45 billion, and long positions outnumbered shorts on major exchanges, per the same report. That skew makes both the $1.54 resistance and $1.30 support levels relevant to positioning.

A move back above $1.54 would weaken the bearish setup ChartNerdTA flagged. Continued rejection would keep $1.30 to $1.29 as the level to watch, with $1.18 to $1.10 next in line if support fails.

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