XRP has defended a key technical support level, but market analyst ChartNerd says bulls still need to reclaim $1.54 to regain full control of the market structure after a period of lower highs and weakening momentum.
In a four-hour chart update shared on August 27, 2026, ChartNerd noted that XRP initially lost its four-hour 20 EMA, weakening short-term momentum, before securing support on a retest of the four-hour 50 EMA near $1.34. That defense produced a relief bounce, with XRP trading around $1.43 at the time of the analysis, marginally above the four-hour 20 EMA near $1.4312.
However, the analyst emphasized that a small move above the 20 EMA is not enough to confirm sustained bullish strength. Buyers would need several four-hour closes above that level to establish it as reliable support. The wider bullish alignment remains intact because the 20 EMA is still above the 50 EMA, but XRP remains vulnerable while holding only a narrow margin above the faster moving average.
XRP's recent move has also formed a narrowing structure with descending resistance and ascending support, resembling a symmetrical triangle or bullish pennant. The price broke beneath the pattern's lower boundary and moved toward the 50 EMA, but buyers stepped in to prevent a deeper technical breakdown, according to ChartNerd.
ChartNerd identified $1.54 as the decisive resistance level. According to the analysis, that area was part of XRP's former consolidation range and repeatedly blocked previous upward advances. A convincing four-hour close above $1.54 would reverse the recent sequence of lower highs and restore XRP above its prior resistance structure, confirming that buyers have regained control. Before reaching that level, XRP must hold support around $1.43 and overcome selling pressure near the psychological $1.50 level.
On the downside, repeated closes beneath $1.43 could put renewed pressure on the support region between approximately $1.34 and $1.37. A confirmed loss of that zone would damage the four-hour structure and increase the probability of a deeper correction. Sustained closes above both moving averages, however, could provide a stronger platform for challenging $1.54.
The chart did not include volume, RSI, or MACD readings, limiting confirmation from other commonly used technical indicators. As a result, stronger candle closes and sustained buying demand remain necessary before the rebound can be considered a confirmed bullish recovery.
