XRP is holding close to the identical consolidation zone it’s occupied since retreating from August’s $1.70 peak. The token has shed 8.2% over the previous week however stays up practically 26% on a 30-day foundation, a reminder that short-term pullbacks don’t at all times erase medium-term construction.
Bitwise’s spot XRP ETF, however, has crossed $507 million in belongings beneath administration, with the fund holding 364.8 million XRP as of late August. August inflows into XRP ETFs greater than doubled July’s complete, and analyst Ali Martinez known as XRP’s breakout “confirmed” with a $1.70 goal, a name that aged awkwardly as soon as worth slipped again under that resistance band inside days.
14 years in, and the ripple:native neighborhood continues to be unstoppable.
The Bitwise XRP ETF (XRP) crossed $500,000,000 in AUM—simply 9 months after launch.
Grateful for the prospect to increase mainstream entry to XRP and steward traders’ publicity to the alternatives on this… pic.twitter.com/sgeMDiY5ce— Bitwise (@Bitwise) August 31, 2026
The strain right here is easy: institutional demand by way of ETF wrappers is accelerating at the same time as spot worth cools off. That hole is strictly the sort of setup that both resolves right into a squeeze or a fakeout, and the technicals under counsel which state of affairs is at the moment favored.
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Can XRP Worth Hit $2 This Week?
XRP’s each day RSI sits close to 60.6, or above the 50 midline, which means momentum hasn’t flipped bearish, nevertheless it has cooled meaningfully from overbought territory reached through the August run. Worth is consolidating within the $1.36–$1.38 band, a zone that beforehand capped rallies as resistance and now wants to carry as assist.
Quick assist sits at $1.30–$1.35. A each day shut under that vary would break the sequence of upper lows from August and open the door to $1.27. First resistance is $1.50–$1.60; XRP must reclaim and maintain that zone earlier than one other check of $1.70 turns into credible.
Xrp (XRP)24h7d30d1yAll time
- Bull case: ETF inflows persist, assist holds at $1.35, XRP reclaims $1.60 and pushes towards $1.70–$2.00.
- Base case: Vary-bound chop between $1.30 and $1.50 whereas the market digests the September 1 escrow unlock.
- Bear case: Shut under $1.30 invalidates the higher-low construction, exposing $1.27 and reviving the longer downtrend from $3.
Merchants expecting affirmation earlier than $2 turns into greater than a headline quantity ought to monitor the $1.35 stage carefully, see additional breakdown on this XRP worth prediction evaluation.
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XRP holders driving the ETF narrative have already captured a lot of the straightforward upside from the $1.00 to $1.70 transfer. At present ranges, a rally again to $2 caps out round 45% from the $1.38 worth level. It’s strong, however not the sort of uneven setup that early-stage capital tends to chase.
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