XRP slipped below $1.40 and tested the $1.34-$1.35 area as buyers attempted to stabilize the decline. Ali Charts has identified $1.70 as the next target, while Egrag Crypto is tracking $1.65 ahead of a potential move toward $1.80. With RSI and MACD still bearish, $1.35 and $1.34 remain the key downside levels until XRP reclaims $1.40.

According to Ali Charts, XRP has cleared a resistance level, placing $1.70 as the next target. Egrag Crypto, meanwhile, is watching $1.65 as a key level before targeting $1.80. XRP traded at $1.3639 on Aug. 31, with recent price action showing continued pressure below $1.40.

The two analysts' targets reflect a common pattern in crypto technical analysis, where traders map out upside and downside scenarios based on chart levels rather than fundamental events. The levels they cite, $1.35 and $1.34 on the downside and $1.65 to $1.80 on the upside, frame the range traders are watching heading into September.

Ali Sets $1.70 XRP Target

Ali Charts reported that XRP had confirmed a breakout and cleared resistance, identifying $1.70 as the next target for the cryptocurrency. The latest chart data, however, shows XRP trading below that level following a sharp decline.

Price moved out of the $1.50-$1.55 region into a series of lower highs. XRP briefly recovered toward $1.46-$1.47 on Aug. 27, but sellers rejected the move and XRP subsequently fell below the $1.40 psychological level.

The decline accelerated on Aug. 31, pushing XRP toward $1.34-$1.35, where buyers attempted to stabilize price.

Egrag Tracks $1.15 Support

Egrag Crypto outlined a different short-term path for XRP. His tracker places the $1.40 area first, followed by a potential move toward $1.15-$1.20. According to Egrag, XRP could then attempt a recovery toward $1.63-$1.65.

He identified $1.65 as the trigger level for his next upside target. If XRP reclaims $1.65 with strength, Egrag expects $1.80 to become the next major checkpoint. Until then, his tracker keeps the $1.15-$1.20 zone as the main downside area.

The chart places immediate support around $1.35 and $1.34, and a decisive break below those levels could expose additional downside.

XRP Indicators Show Continued Pressure

XRP's RSI stands at 42.08, below its 43.24 moving average and under the neutral 50 level, though the reading has recovered from near-oversold territory. The RSI, or relative strength index, is a momentum oscillator ranging from 0 to 100, with readings below 50 generally signaling weaker momentum and readings under 30 considered oversold. The MACD remains bearish, with a histogram near -0.0034. The MACD line sits around -0.0113, below the signal line at -0.0079. A MACD line below its signal line is typically read by traders as a bearish momentum signal.

Resistance appears at $1.40, followed by $1.42-$1.43 and $1.45. A sustained move above $1.40 would improve the short-term structure, while continued weakness below that level would keep $1.35 and $1.34 in focus. Beyond those levels, the analyst scenarios diverge: a break below $1.34 would bring Egrag's $1.15-$1.20 zone into play, while a recovery through $1.65 would put his $1.80 checkpoint and Ali's $1.70 target on the table.