XRP Holds Above $1.40 for Three Days, But the Real Test Comes at $1.457
Key Takeaways
- •XRP held the $1.40 support area since September 4 after retreating from its August 22-23 move toward $1.70.
- •A sustained daily close above the 0.382 Fibonacci retracement at $1.457 is needed to challenge the descending trend line, with $1.50 and $1.55 as higher targets.
- •SoSoValue data showed positive weekly XRP fund flows for eight consecutive weeks from July 17 to September 4, totaling about $202.3 million.
- •The week dated August 28 recorded $110.49 million in inflows, while the latest September 4 figure of $18.96 million reflected a much slower pace.
- •U.S. PPI and CPI data due September 10-11, followed by the Fed's September 15-16 meeting, pose macro risks that could decide the range's direction.
XRP avoids a breakdown but remains below key resistance
TradingView’s XRP/USD daily chart on Coinbase showed XRP trading at $1.41 at the time of writing, close to the 0.236 Fibonacci retracement near $1.40. That support area has held since September 4, after XRP pulled back from its August 22–23 move toward $1.70.
Sellers have not forced a decisive break below the zone, but the descending trend line from the August high remains intact. XRP’s immediate task is therefore not simply to hold the current range, but to reclaim the resistance sitting above it.
The first level to watch is $1.457, the 0.382 Fibonacci retracement. A sustained daily close above it would challenge the descending trend line and bring $1.50 and then $1.55 into play. Until such a close occurs, XRP’s price action is best characterized as consolidation beneath resistance rather than a reversal of its pullback.
What a daily close would change
These levels describe the current market structure; they do not predict which side will break first.
Above $1.457: A close above the 0.382 retracement would be the first sign that buyers are regaining control. The next visible areas above are $1.5037 and $1.5500.
Below the $1.40 area: A decisive daily loss would expose the recent lows near $1.35. Below that, the base of the August advance sits around $1.30–$1.31.
Reported fund flows remain positive, though the pace has eased
Data from SoSoValue showed positive XRP fund-flow readings in each of the eight reported weekly periods from July 17 to September 4. Those figures totaled roughly $202.3 million, with the $110.49 million recorded for the week dated August 28 accounting for more than half of the total. These readings track flows into U.S.-listed XRP exchange-traded products, a channel that has given traders a weekly gauge of institutional-style demand for the token.
The September 4 figure was $18.96 million. It covered four reported daily sessions, while the final session’s data had not yet posted, so it should not be treated as a completed weekly result. The comparison remains useful: the latest reported pace was materially lower than the preceding week’s record inflow.
Fund flows can improve the market backdrop, but they do not show who bought spot XRP or whether those purchases are defending a specific chart level. They become more meaningful for the price setup only if XRP also clears $1.4575. A confirmed reversal to outflows, meanwhile, would remove one supportive element from the current picture.
Another factor traders may watch is whether buying interest carries into the next major regional session. Stronger activity during Asian hours could provide a short-term supporting tailwind while XRP attempts to hold its current range — particularly if it helps the price test $1.457 with sustained volume rather than a brief intraday spike.
Asian-hours activity could support the setup, but not decide it
XRP has meaningful Asia-Pacific market infrastructure. CF Benchmarks publishes a CME CF XRP-Dollar Reference Rate Asia Pacific Variant, and Glassnode tracks XRP price changes during Asia working hours through a dedicated regional measure.
That does not establish a rule that Asian trading lifts XRP. Market moves during any session can reflect liquidity, derivatives positioning, and activity across exchanges. Asian-hours buying would be supportive only if it produces follow-through above $1.457 and holds into later trading sessions.
Inflation data is the next major market-wide event
Short-term trading can shape liquidity, but the larger risk for XRP this week could be a macro repricing across crypto markets. The Bureau of Labor Statistics is scheduled to release August producer-price data on September 10 and consumer-price data on September 11.
A hotter-than-expected reading could push market-implied rate expectations and Treasury yields higher — conditions that can weigh on speculative assets. Softer data could ease that pressure. The recent crypto sell-off after a stronger-than-expected U.S. jobs report demonstrated how quickly a macro surprise can affect Bitcoin and other major tokens.
The Federal Reserve’s September 15–16 meeting will follow with updated economic projections. If XRP remains below $1.457 heading into that event, a sharp shift in rate expectations could determine whether the current range resolves higher or lower.
What matters next
XRP has avoided a decisive breakdown for now, but its structure will not improve materially unless it reclaims $1.457. Until then, the $1.40 area remains a floor under test rather than evidence of a renewed uptrend.
This article is for informational purposes and does not constitute financial or investment advice.
Source: Coindoo
