XRP climbed above $1.40 after a surge in institutional activity and a significant uptick in ETF inflows, extending its weekly gains to nearly 20% before facing profit-taking pressure near the $1.70 level.
ETF inflows drive renewed institutional interest
US-listed spot XRP exchange-traded funds recorded net inflows of $28.14 million on August 26, according to SoSoValue. This marked the second-largest single-day inflow in 2026, surpassed only by the $46.1 million posted on January 5.
Bitwise took the lead among ETF providers, attracting $13.12 million and accounting for 46% of the day’s total. Franklin Templeton’s XRPZ vehicle followed with $9 million, while Canary Capital added $6.01 million through its XRPC product. No inflows were reported from 21Shares or Grayscale during this session.
Spot XRP ETFs have registered positive net inflows for seven consecutive days, amassing $106 million in that period. This consistent activity highlights a strong return of institutional participation, particularly following recent price corrections that may have presented attractive entry points for larger investors.
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AAPLWhale accumulation and technical momentum
Whale wallets collected approximately 460 million XRP tokens during the recent market pullback, marking the largest accumulation since February. This substantial increase in positions among large holders reflects growing confidence, even as volatility persists.
XRP breached its 200-day exponential moving average last week for the first time since October 2025. This technical breakout triggered a short squeeze, swiftly pushing prices to $1.70 before reversing as selling intensified at that level.
The retracement found support at the 200-day EMA, indicating renewed demand as XRP approached the $1.35–$1.40 range. Many traders are watching these levels as key support, while attention turns to the $1.48–$1.52 zone for the next potential upside breakout.
Technical analyst Jules (@JulesNetX) noted that XRP’s ascent from $1.00 to $1.70 likely represented a liquidity sweep at the top of its range. The rebound has now found support at $1.36–$1.40, which he identified as the crucial zone for maintaining upward momentum and potentially targeting the $1.48–$1.52 region if supported by decisive closes on higher time frames.
Broader market context and new structural trends
The broader crypto market found additional support from macroeconomic policy shifts. The US Treasury Department expanded bond repurchase operations, easing expectations around further interest rate hikes ahead of the next Federal Reserve meeting.
Sentiment has also improved, with the Crypto Fear and Greed Index reaching 80, entering “Extreme Greed” territory for the first time since December 2024, when XRP last traded near $3.40 amid post-election gains.
On August 27, XRP traded at $1.4634. Momentum readings remained positive but not overheated, with the Relative Strength Index at 56.48 and the Chaikin Money Flow indicator sitting marginally above a neutral reading at 0.04.
Immediate resistance emerges at $1.50, with a break above possibly paving the way for further gains toward $1.60 and putting the $1.80 price target within reach, contingent on risk management below the 200-day EMA.
Amid this technical setup and increased ETF activity, the market is witnessing a major shift as Wall Street moves toward Web3 infrastructure. Investors now increasingly use platforms like 1stepSwap, which allow them to hold shares of major US companies, gold, and silver directly in their crypto wallets. The platform’s ability to tokenize real-world assets and secure optimal pricing instantly has removed traditional intermediaries from the process.
