XRP is trading near $1.40–$1.41 on Sept. 7, 2026, down roughly 1.5% on the day, as traders weigh a key support test and the possibility of a near-term golden cross. The hourly chart shows the token recovering after its sharp advance from around $1.00 toward $1.70, but the subsequent rejection has created lower highs within a corrective phase.
The main support zone is between $1.10 and $1.38, with $1.38 aligning closely with the 38.2% Fibonacci retracement. More Crypto Online describes the rebound as a three-wave move without confirmed reversal evidence. While XRP remains above $1.38, holding that level alone does not confirm the correction has ended, and descending trendlines have contained several recovery attempts.
On the upside, initial Fibonacci resistance sits around $1.445, followed by $1.490, $1.536 and $1.604. A sustained break above $1.445 could strengthen the recovery structure, while a loss of $1.38 may expose deeper retracement levels at $1.293, $1.213 and $1.106.
Liquidation data highlights elevated leverage risk. The largest liquidation activity appeared around Aug. 18–22, with CoinMarketCap reporting roughly $114 million in XRP perpetual liquidations, the largest single-day total then recorded. The event showed how quickly leveraged positioning can shift, though activity declined afterward as vulnerable positioning was flushed.
Separately, a potential golden cross is approaching as shorter-term moving averages turn higher after the August recovery. The 20-day average has risen to about $1.32, intermediate averages are between $1.19 and $1.24, and XRP remains above its 200-day average around $1.35. Analysts outline two bullish scenarios: continued consolidation between roughly $1.35 and $1.50 while moving averages catch up, or a faster breakout above $1.50–$1.55 that could target the August wick near $1.70. The key requirement in either case is holding the 200-day moving average; recent lows in the $1.32–$1.35 range suggest buyers are defending that area. RSI has cooled from above 80 to around 59, but a golden cross alone would not guarantee further gains.
