Fatigue failure accompanied by ratchet deformation is well known as one of the failure modes of pressurized pipes under high-level cyclic load. In this research, the process of failure of such pipes was investigated based on the experimental result in which a straight pipe failed by repeatedly increasing cyclic input displacement amplitude in stages. The strain behavior, moment-deflection relationship, and observed damage were compared with the stress level used in the seismic design of the piping system. As a result, no significant damage was observed and the moment-deflection relationship remained almost linear within the primary stress limit of 3Sm, although the strain showed elastic-plastic behavior at some measurement points. In the experiment, damage was observed at the applied load levels of approximately 5Sm of the primary stress, and 0.15 and more of the fatigue damage index, i.e., the usage factor based on the design. The test results showed that there is a certain time margin before failure occurs to actual piping systems, compared with its designed stress limitation.