XRP: Leads Crypto Pullback as Leverage Unwind Tests Rally

XRP leads the latest crypto pullback as leverage unwind tests the ongoing rally, with price sitting at $1.38 on August 26, 2026.

Traders unwound positions after the token extended gains from the past six months, pressuring the broader market and highlighting risks in XRP price prediction models that ignored funding rates. The move echoes leverage-driven reversals seen in the prior twelve months but arrives without signs of a full crypto market crash.

Price action on the 4h chart shows XRP testing lower Bollinger Band support at $1.38 with RSI at 41.36 in neutral territory and MACD printing a death cross at 0.01; the EMA50 at $1.36 acts as immediate support while the EMA200 at $1.18 offers deeper long-term defense, suggesting a brief consolidation before any continuation attempt.