XRP has entered a turning point for its next direction after digesting a short-term resistance zone and sliding to a key support line around $1.36.

The Crypto Basic, a blockchain media outlet, reported on Aug. 26 local time that XRP rose as high as $1.69 at one point last week, but later ran into resistance and is now trading around $1.39. Its gain over the past week is still 28.79 percent.

The market is not viewing the pullback as driven only by spot selling. Felinae, an analyst at on-chain analytics firm CryptoQuant, said XRP is showing a move from the resistance zone to the support zone. Felinae added that looking at supply-side indicators together with the derivatives market suggests short-term pressure remains high. Felinae said selling pressure could continue for the time being, and the market is likely to recheck the support zone before deciding its next move.

Liquidation indicators also show downside pressure. Long liquidations were about $4.66 million, up 31.82 percent in a day, while short liquidations were about $1.13 million, up 61.61 percent. In absolute terms, long liquidations were about 4 times short liquidations. Recent selling pressure appears to have expanded as spot-market selling overlapped with liquidations of leveraged long positions.

Still, the clearing of excessive leveraged positions could help conditions for a rebound later. Felinae said XRP has already swept upper liquidity. But with long liquidations larger for now, the current flow is weighted toward weakness.

Buying momentum has also weakened. The money flow index fell to 35.89. With the indicator dropping sharply from around the 60 level, it signaled a clear slowdown in the buying pressure that had driven the rise. However, the MFI has not fallen below 20, meaning it has not technically entered an oversold zone.

The price trend is similar. XRP rose as high as $1.52 before slipping back to the $1.39 range. As Binance holdings rose while the MFI fell and long liquidations expanded, the short-term setup tilted negative.

The level drawing the most attention is $1.36. Short-term exponential moving averages are also clustered around $1.36, $1.32 and $1.20, reinforcing support characteristics. If XRP holds $1.36, it may prevent further declines and regain stability. If that zone breaks, $1.28, which acted as a daily S1 pivot during last week's breakout phase, could emerge as the next support line.

In the near term, whether $1.36 holds, and whether $1.45 and $1.51 are reclaimed on the upside, remain the key levels that will determine XRP's next direction.