XRP traded near $1.38-$1.39 on September 10 as traders positioned ahead of the latest U.S. inflation report. Spot activity on Binance has cooled significantly from the surge recorded during the second half of August, while U.S. XRP exchange-traded funds continued to attract capital as derivatives positioning became more defensive.

Binance’s XRP volume Z-Score fell to -0.09, indicating that trading activity had returned close to its 30-day average. Funding on XRP futures also dropped to its lowest level since June 28 as short positioning increased. Meanwhile, XRP ETFs recorded $12.29 million in inflows on September 9.

The data presents a mixed picture, with continued ETF inflows alongside softer short-term spot and derivatives activity. The supplied charts identify immediate support around $1.35-$1.33 and place the first significant recovery resistance between $1.46 and $1.55. The U.S. Consumer Price Index report scheduled for Friday was the next major macroeconomic event monitored by traders.

Binance Trading Volume Returns Toward Its Average

XRP trading activity on Binance slowed after expanding during the second half of August. The 30-day Volume Z-Score rose above 4 when XRP climbed from close to $1.00 to above $1.40. The indicator subsequently moved back toward zero, reaching approximately -0.09 on September 9, when XRP traded near $1.419.

The reading showed that Binance volume had returned close to its 30-day average. The lower Z-Score indicated weaker short-term participation rather than a new price breakdown. XRP remained near $1.40 even after the exceptional August activity faded.

A renewed increase in Binance volume would move the indicator back into positive territory. Readings near zero indicate that spot participation had not returned to the levels recorded in August. The volume data was also discussed in a CryptoQuant analysis:

XRP ETF Inflows Continue Despite Weaker Market Activity

U.S. XRP ETFs registered $12.29 million in net inflows on September 9, their strongest single-day inflow since September 1, according to SoSoValue data:

XRP ranked second behind Ethereum among cryptocurrencies by daily ETF inflows. Ethereum products attracted $34.75 million, while Bitcoin ETFs recorded $120.24 million in outflows.

The ETF figures contrasted with weaker conditions in XRP’s spot and derivatives markets. Funding on XRP futures fell to -0.0094%, its lowest reading since June 28. Negative funding means that short sellers were paying long traders to keep positions open. The long-to-short reading declined to 0.0089, indicating heavier short exposure among the tracked accounts.

U.S. Inflation Report Keeps Support Levels in Focus

XRP fell to its lowest level in a week as markets positioned for the September 11 U.S. CPI release. Analysts expected August core CPI to increase 0.22% month over month. Headline CPI estimates were near 0.39% month over month, while core CPI was expected to ease to 2.4% year over year.

Interest-rate expectations moved higher as traders assessed continuing inflation pressure. On the four-hour chart, XRP was testing support near $1.35. A close below that level would expose the September 2 low near $1.33.

The Chaikin Money Flow reading was close to -0.09, indicating stronger selling pressure than buying pressure. The Relative Strength Index stood near 36, placing momentum below its neutral level of 50. If buyers regained control, the chart showed resistance between $1.46 and $1.47, followed by a larger moving-average barrier near $1.55.

Long-Term Charts Highlight $1.55 as a Key Level

The longer-term XRP chart showed the price pulling back toward a previous breakout area following the expansion of a multiyear triangle. A similar structure appeared before the 2017 breakout, which was followed by a retest near former resistance.

The current chart mapped a comparable retest around $1 before projecting higher Fibonacci zones. Its XRP price targets were near $8, $13, and $27, depending on whether the retest held. These were chart-based projections rather than guaranteed outcomes.

A second long-term chart compared XRP with its 20-month exponential moving average. XRP reached that average during August for the first time since January 2026. The 20-month EMA was near $1.55. The chart also placed the 50-week EMA near the resistance area after XRP failed to hold $1.70.

Previous cycles showed repeated rejections when XRP traded below these moving averages. According to the chart, stronger repricing phases occurred only after XRP reclaimed the averages and maintained them as support. The related chart analysis was published through the following X posts: https://x.com/ChartNerdTA/status/2097979828494286974?s=20 and https://x.com/ChartNerdTA/status/2097951780952854662?s=20.

This article is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency markets remain highly volatile. Readers should conduct independent research before making investment decisions.

Source: The Market Periodical, https://themarketperiodical.com/2026/09/11/xrp-price-holds-1-38-as-etf-inflows-clash-with-short-bias/