XRP has pulled back from the $1.69 high reached during its August rally, but its 4-hour chart still shows a bullish Break of Structure (BoS).
Notably, XRP rose 71.8% from $0.988 to $1.698 in August before the current pullback began. The decline has already erased about 20% of the August high, as the price now trades just above the EMA21 at $1.4020.
This level could help determine whether the pullback stays limited or turns into a steeper decline.
XRP Maintains Bullish BoS
The 4-hour chart shows that XRP formed a bullish BoS 23 bars ago after breaking above $1.4335. This move gave buyers control of the short-term trend, but the recent decline has brought the price back to the EMA21 at $1.4020. The EMA55 at $1.3884 now provides another support level below the EMA21.
Meanwhile, XRP’s Bollinger Bands range from $1.3607 to $1.4433. XRP currently sits in the lower half of this range, but this alone does not point to a reversal. Instead, the price action could simply undergo a period of consolidation within the wider 4-hour uptrend.
The chart leaves the $1.4835 swing high as the next major level to watch. XRP has not tested this level since forming the bullish BoS. As a result, a move toward it would give buyers a chance to complete the next major test in the current structure.
Important XRP Demand Zone
The area around the EMA21 at $1.4020 and the $1.4335 BoS level features an important support zone for the current structure.
Below it, the $1.35–$1.38 region could provide further support. Market analyst Ali Martinez previously identified this area as a major demand zone, with about 3.2 billion XRP changing hands there.
If XRP loses the EMA21, the price could first move toward the EMA55 at $1.3884. Further weakness could then bring the $1.35-$1.38 demand zone into focus. However, a move back above $1.4335 would strengthen the bullish setup and increase the chances of a retest of $1.4835.
XRP ETFs Keep Drawing Fresh Capital
XRP’s price has declined from its August high, but spot XRP ETFs have continued to attract capital. US spot XRP ETFs recorded $110.49 million in inflows during the week ending Aug. 28, marking their strongest weekly inflow of 2026.
The funds extended their inflow streak to 11 straight trading sessions, bringing in roughly $170 million during that period. The continued inflows as XRP declined suggest that investors are still adding exposure as the market works through its recent correction.
Despite Goldman Sachs confirming about $87.4 million in XRP ETF exposure as of the second quarter, retail investors still account for nearly 84% of XRP ETF inflows, which leaves room for greater institutional participation.
XRP Needs to Reclaim $1.4335
Essentially, the bullish setup needs XRP to close a 4-hour candle above $1.4335. Such a move would show that buyers have reclaimed the BoS level and could clear the path toward the $1.4835 swing high.
If XRP breaks above $1.4835, the next major target would be the $1.6999 August high. However, the structure also has a clear level that would weaken the bullish case.
A 4-hour close below the EMA55 at $1.3884 would put the current structure under pressure and could indicate that the bullish setup has failed.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

