XRP Consolidation Masks Structural Milestones

XRP's recent price drop may be just a technical correction, as it continues to trade above its cycle low of $0.9877 and has surged roughly 70% between August 17 and August 22, reaching a three-month high of $1.69.

The digital asset's daily Relative Strength Index reached 88, a reading not seen since July 2025, indicating overheated conditions that typically resolve through consolidation.

Despite the recent decline, XRP still trades 29% higher over the past 30 days, and analysts are eyeing support near $1.37 with resistance clustered around the $1.50 to $1.55 zone.