XRP is trading near $1.36 after falling from a late-August high of approximately $1.70, with the token still moving within a declining daily range. The market has shown an initial response around $1.35, but that level must continue to hold for the reaction to develop into a more meaningful support test.

According to the XRP/USD daily chart on TradingView, XRP remains below a descending trendline and the first Fibonacci retracement near $1.40. Analyst Ali Charts, citing Glassnode data, identified a sizeable XRP cost-basis cluster around $1.35. Such clusters can attract buying interest, although they become meaningful support only if the price holds during subsequent tests.

Ali Charts wrote on X:

XRP AT KEY SUPPORT. TIME TO WATCH. 1/5 🧵👇

— Ali Charts (@alicharts) September 12, 2026

https://x.com/alicharts/status/2098713106251715010
https://x.com/alicharts/status/2098713106251715010?ref_src=twsrc%5Etfw

The relative strength index is near 54, above its neutral midpoint but below its moving average near 59. Momentum has cooled from the earlier rally, and the indicator does not yet show renewed upside momentum.

The moving averages also show why the current range remains the immediate issue. XRP is above its 200-day average near $1.27, while the 50-day and 100-day averages are lower, near $1.22 and $1.17, respectively. Those levels could become reference points if the pullback extends, but they are too far below the current price to determine the present contest around $1.30.

Binance records a 91.2 million XRP inflow

The latest CryptoQuant Binance exchange-inflow chart shows approximately 91.2 million XRP arriving at Binance on September 11. It was the largest reading in the displayed month, while most earlier daily bars were considerably smaller. The transfer occurred as XRP traded close to an important range floor.

An exchange inflow refers to XRP transferred into an exchange wallet. Large inflows are often treated as a potential supply warning because tokens held on an exchange can be sold more easily than tokens kept in private wallets. However, the transfer alone does not identify the owner’s intention. It could be connected to a sale, market-making activity or an internal wallet movement rather than an immediate spot transaction.

The 91.2 million XRP deposit is therefore a risk factor, not confirmation of sustained selling pressure. Its significance would increase if similar transfers continued while XRP closed below $1.30, particularly if exchange-held balances also rose. Conversely, if deposits declined and price held within the range, the market may have absorbed the available liquidity without creating a broader supply imbalance.

$1.30 remains the key structural level

The chart currently presents three important reference points. XRP has responded around $1.35, while $1.30 is the range level that must hold for that response to matter. A daily close below $1.30 would not determine XRP’s longer-term trend, but it would make the current recovery attempt less convincing.

The recovery path also faces resistance at $1.40 and $1.45. Ali Charts suggested that a defended $1.35 area and a reclaim of $1.38 could open a recovery toward $1.60 and potentially $1.68. That is a conditional scenario rather than a conclusion established by the current chart.

XRP would first need to regain $1.40 and then $1.45 on daily closes. A move back above $1.45 would shift attention from defending support to testing the $1.50-$1.55 area, followed by the Fibonacci level near $1.61.

Price behavior after the Binance transfer will help determine its significance. If XRP remains resilient while subsequent inflows fade, the market may have absorbed the potential supply. If support fails while deposits continue, the on-chain warning would carry greater weight. The available data does not yet establish which outcome is developing.

This article is provided for informational purposes only and does not constitute financial or investment advice.

Original source: https://coindoo.com/xrp-price-1-35-faces-a-binance-inflow-spike