The encryption market went back after a week of a clear rebound. Bitcoin once broke $80,000 this week and then fell around $78,000. The market then focused on the core of the United States, the PCE inflation data and the British Vida financial report, both of which will continue to affect short-term risk preferences.

The turnback of XRP is particularly evident. The CoinMarketCap data show that the XRP has fallen by 6.23 per cent over the past 24 hours, reporting $1.38, the weakest of the top 10 encrypted assets. However, in nearly seven days, XRP increased by 35.55 per cent, second only to Hyperliquid, and apparently won mainstream assets such as bitcoin and Etherwood.

It went up too fast.

The return of the XRP had to do with the rapid increase in the previous few days. From 18 to 22 August, XRP quickly rose from about US$ 1.00 to a disk approaching US$ 1.69, at one point approaching the US$ 1.70 threshold. Later, bitcoin fell from the top of $80,000, the whole of the banknote was under pressure, and XRP began to throw up part of the increase.

Financially, there has been no significant departure of the agency. The ETF that tracks the XRP price has recorded a net inflow of nine consecutive trading days, which means that the current pressure is more likely to come from high-leverage positions rather than from long-term pooling.

1.40 United States dollars for short-term focus

According to the daily data quoted in the text, the XRP was opened at $1,4344 on that day, with a maximum touch of $1,4513, and then returned to the vicinity of $1,3790. The price is back to the area of 1.40 dollars, which is exactly the area that was transformed from resistance to support after last week's breakthrough.

The reason for the focus on this position is because it was here that XRP was back on the 200-day index moving average. If the US$ 1.40 is secured in the vicinity, the current trend is more like a normal cooling after the increase; if the sun line fails, the pressure may be further tested for lower support areas formed after the August break.

The market is waiting for two catalysts.

Technical signals are currently not consistent. The relatively strong and weak indicator RSI 66.7 is still in the middle, but close to the level where some traders tend to profit. The trend intensity indicator ADX 44.1 shows that the current trend is still strong and that multiple headlines remain above the empty headline.

However, the medium-term average structure has not yet been fully repaired. It is mentioned that the 50-day average is still below the 200-day average, suggesting that the large lower-level structure of the XRP has not been completely reversed, despite the most pressing round of price rebounds in months.

The ability of Bitcoin to hold between $77,000 and $78,000 remains critical for the whole market. If macro-data and British-Wida-led risk preferences continue to improve, the XRP may have the opportunity to stabilize the current support; if the market weakens again, a larger increase in coins in the previous period may continue to face repulsive pressure.