XRP Rallies 4% to $1.38 as ETF Inflows Extend an 11-Day Streak and Analysts Eye $2
Key Takeaways
- •U.S. spot XRP ETFs logged their 11th consecutive day of net inflows, a notable signal for a market historically dominated by retail traders.
- •XRP rose more than 4% to $1.38 after slipping to $1.32, with the 200-day EMA near $1.35 and a descending trendline near $1.40 framing key technical levels.
- •At a Bitwise event of roughly 400 wealth managers, 67% reported no current crypto allocation, while 60% expect higher prices by the close of 2026 and plan to build positions within a year.
- •XRP drew more audience questions than Bitcoin, Solana, Hyperliquid, stablecoins, or tokenization at the wealth manager event, according to Bitwise analyst Ryan Rasmussen.
- •A break below $1.33 could trigger a decline toward $1.23–$1.25, while clearing $1.55–$1.60 would open targets at $1.68–$1.72, $1.86, and $2.00.
XRP slipped to $1.32 on Wednesday, even as U.S. spot XRP ETFs logged their 11th consecutive day of net inflows. Today the trend has reversed: XRP is up more than 4% and is now trading at $1.38, prompting speculation about whether the token could target $2 this September.
The inflow streak itself is a relatively new phenomenon for XRP. U.S. spot XRP ETFs only began trading in 2025 after the SEC approved a wave of applications following years of regulatory uncertainty surrounding the token, giving institutional buyers their first regulated, exchange-listed vehicle for XRP exposure. The current streak of net inflows is therefore a meaningful data point for a market that was, until recently, dominated by retail trading on spot venues.
At a recent event attended by roughly 400 wealth managers, Bitwise research analyst Ryan Rasmussen noted that XRP drew more audience questions than any other digital asset discussed — a lineup that also included Bitcoin, Solana, Hyperliquid, stablecoins, and tokenization. He described the response as strong in a follow-up thread posted after the event.
While 67% of attendees said they currently hold zero crypto exposure, 60% believe prices will climb higher by the close of 2026 and intend to build positions within the coming year. That disconnect between belief and action stands out. Combined with ongoing ETF inflow trends — which already suggest XRP is moving away from purely retail-driven trading and toward regulated, portfolio-based ownership — the poll results lend further support to that narrative.
Today @Matt_Hougan and I presented to 400 wealth managers. We covered Bitcoin, Solana, Hyperliquid, Stablecoins, Tokenization, and more. When asked… – 67% don’t yet allocate to crypto – 60% think crypto prices will be higher by EOY – 60% plan to allocate in the next year — Ryan Rasmussen (@RasterlyRock) September 2, 2026
Can Institutional Demand Push XRP Past $2?
On the technical side, XRP has been squeezing into a descending triangle pattern since its August peak near $1.70, with the $1.35–$1.38 range now acting as the key support zone. Trading volume in this area has typically been strong, a signal chartists interpret as a genuine inflection point rather than random movement. This support is reinforced by the 200-day EMA, which sits nearby, cementing $1.33–$1.35 as a meaningful structural floor.
If XRP can push back above $1.55–$1.60, the next zone in play would be $1.68–$1.72, where prior swing-high liquidity resides, with $1.86 and the $2.00 mark serving as further upside targets.
Should wealth managers' stated allocation plans actually materialize into real buying — something current institutional accumulation trends hint may already be happening — that could add fuel to a move higher. It is a pattern that has precedent: when spot Bitcoin ETFs launched in January 2024, sustained inflows over subsequent months were widely credited with supporting Bitcoin's climb to new all-time highs that year. Whether XRP follows a similar path remains an open question, but the structural mechanism — regulated wrappers channeling advisor-driven capital into a token — is the same. In the meantime, the more likely scenario is continued sideways movement between $1.35 and $1.55 as the market awaits proof that the 60% who intend to allocate actually follow through.
On the downside, a drop below $1.33 would break the triangle structure and could trigger a slide toward $1.23–$1.25, with $1.15–$1.20 marking a deeper potential support level.
Can XRP Reclaim $2?
Technically, XRP has moved back above its 200-day exponential moving average (EMA) at $1.35, but it remains beneath a descending resistance trendline near $1.40. Those two levels form a concentrated overhead zone that buyers need to clear before the broader trend can improve. On the downside, the 50-day and 100-day EMAs cluster near $1.22, forming the next major support zone.
Sustained ETF inflows are helping offset some of the selling pressure. XRP needs to reclaim both $1.35 and $1.40 to ease broader bearish pressure and improve the prospects of another rally. The unresolved question is not whether the flow data shows continuing interest in XRP ETFs — for now, it does.
Source: 99Bitcoins
