[DigitalToday reporter Jinju Hong (홍진주)] XRP has fallen back below $1.36, a level seen as key support, shaking its short-term upward trend. The market is watching whether XRP can recover $1.36 again, or whether the pullback widens to $1.27.

According to blockchain outlet Decrpt on Sept. 2 (local time), chart analyst Chartnerd said in a recent YouTube analysis that XRP surged from around $0.98 and has since traded within a range. In that process, $1.36 acted as key support and $1.47 as a major resistance zone. He said pressure on the existing uptrend structure increased as XRP fell below $1.36 for a second time.

Conditions for a short-term rebound were also laid out relatively clearly. Chartnerd said XRP must first break through the $1.40 to $1.43 range before attempting to retest resistance at $1.47. He said that if it fails to reclaim that range, XRP could remain in a pattern of steadily lower highs and lower lows.

A view emerged that technical pressure has also increased. XRP formed another lower high below Supertrend resistance near $1.39 and then tested $1.36 again. Traders are watching in the short term for a rebound signal or for selling pressure to intensify further.

On the downside, $1.27 is drawing fresh attention as a support level. That price overlaps with the weekly 20-week exponential moving average. Chartnerd said when crypto prices fall below the weekly 20-week exponential moving average, they often move for several weeks between the 20-week and 50-week lines before the next direction is set.

If XRP holds $1.27, the structure of forming a higher low would remain, leaving room for buying to lift prices again. If it slips below $1.27, downside pressure could increase further. That is why the market is more sensitive to whether support forms below that area than to the break below $1.36 itself.

Still, some say it is too early to conclude the medium- to long-term uptrend has ended based on this pullback alone. Chartnerd assessed that given the size of XRP's rise that began near $0.98, a 20 to 30 percent correction is closer to a typical pullback than an abnormal plunge. He also said that while XRP recently rose to around $1.70, that move alone did not confirm a shift to a long-term downtrend.

The weekly 50-week exponential moving average was cited as the biggest variable among overhead resistance levels. If prices keep getting pushed back at that resistance line, the market's focus could return to $0.98. He warned that if the uptrend structure breaks down, the $0.90 to $0.70 range could also open up.

Ultimately, the key short-term price levels are relatively clear. On the downside, $1.36 and $1.27 were presented as pivot points, while on the upside the $1.40 to $1.43 zone and $1.47 were cited. If XRP stays below $1.36, correction sentiment could strengthen further. If it settles above $1.47, market attention could shift again to the $1.50 to $1.80 range.