XRP entered a correction phase at the end of August. On August 31st, its price was around $1.38, with a 24-hour decline of about 1.8%. However, when calculated for the entire month, XRP still rose by about 31%, having previously approached $1.70, indicating that the strong fluctuations in August have not been completely erased.
ETF Weekly Inflows Reach New Highs of the Year
The capital flow of US spot XRP ETF has become the most closely watched supporting factor in the current market. Data shows that as of the week ending August 28, the net inflow for such products reached $110.49 million in a single week, setting a new high since 2026. The cumulative net inflow is approximately $1.66 billion, with the fund's net assets at around $1.44 billion.
- Weekly net inflow: $110.49 million
- Cumulative net inflow: approximately $1.66 billion
- Fund net assets: approximately $1.44 billion
While prices are falling, institutional funds continue to flow in. This divergence is a prominent feature of the current XRP market. The inflow of funds does not necessarily mean that prices will immediately rise, but it at least indicates that institutional demand has not significantly diminished during the recent pullback.
$1.35 support is under attention
From the current price level, for XRP to rise to $2, it would need to experience a gain of nearly 45%. This goal is not unimaginable, but there is still a considerable distance to cover at this stage. The market is currently focusing on the support range between $1.35 and $1.36; if that level is lost, the next deeper support level is roughly between $1.28 and $1.30.
Looking upwards, XRP needs to first return to the range of $1.41 to $1.45 before it will face the more crucial resistance at $1.55 to $1.60. Only once it reclaims this resistance zone will the market once again regard $1.70, $1.80, and even $2 as more realistic subsequent targets.
XRPL Varying activity signals
On-chain data also provided some support for XRP, but the signals were not consistent. Reports mentioned that the number of active addresses for XRPL once increased by over 650% within two weeks, with the number of receiving addresses briefly rising to around 926,000, indicating a noticeable increase in network activity.
However, more recent data is not completely synchronized. The number of transactions per ledger has increased by 191.3%, but the total transaction volume has decreased by 42.7%, the number of active accounts has decreased by 73.1%, and the total amount of payments using XRP has decreased by 89.2%. This means that improvements in some active indicators do not necessarily indicate that the overall usage of the network is also expanding in tandem.
Another variable that attracts market attention is the stablecoin RLUSD launched by Ripple. Reports suggest that the expansion of RLUSD and institutional tokenization activities have added a new narrative of financial infrastructure to the ecosystems of Ripple and XRPL, but this does not directly equate to a simultaneous increase in the price of XRP.
