XRP climbed as much as 6.6% in the latest session, briefly trading near $1.45 as softer U.S. labor data encouraged investors to price in a more accommodative Federal Reserve. The move put the token back above a closely watched support area following its pullback from an August high near $1.70.

Price indices differed slightly on the spot price during the rally, with XRP quoted between $1.44 and $1.45. The broader picture was clearer: trading activity accelerated, and the token joined a market-wide rebound in risk assets as expectations for lower interest rates gained traction. Cryptocurrencies have historically traded as high-beta risk assets, tending to amplify moves in rate-sensitive markets when monetary policy expectations shift, which is why macro data releases often ripple through digital asset prices.

Fed expectations lift a fragile technical setup

Weakness in employment-related data, including softer-than-expected ADP payroll growth and a rise in jobless claims, fed expectations that the Fed could adopt a less restrictive policy path. ADP figures and jobless claims are among the monthly labor indicators markets watch ahead of the official nonfarm payrolls report, making this week's data part of a broader run-up to a key Fed reference point. That helped lift major cryptocurrencies, with XRP's daily volume reported in the $4 billion to $5.5 billion range.

On the charts, XRP remains caught in a descending triangle formed after August's rally from about $1 to $1.70. Analysts highlighted the $1.35 to $1.38 area as key support, reinforced by the nearby 200-day moving average around $1.33 to $1.35.

A sustained move above $1.55 to $1.60 could put the August peak back in focus. However, a break below $1.33 would weaken the recovery case and leave XRP exposed to lower support zones around $1.23 to $1.25. Targets as high as $2, or even $10, remain speculative rather than near-term market expectations.

Wealth managers are asking more questions

The rally coincided with signs of growing professional interest. Ryan Rasmussen, a Bitwise research analyst, said XRP drew more questions than any other cryptocurrency during a presentation to roughly 400 wealth managers covering assets including Bitcoin, Solana, stablecoins and tokenization.

https://x.com/BSCNews/status/2095750027767697700

XRP is Winning Over Institutional Investors — ripple:native drew the most questions during a Bitwise presentation for about 400 wealth managers. Bitwise research analyst Ryan Rasmussen said the audience showed strong interest in the token. US spot XRP ETFs attracted about $170… pic.twitter.com/ZRDTA4uQjh — BSCN (@BSCNews), September 4, 2026.

The exchange-traded-fund angle matters because US spot XRP ETFs, approved in 2025, opened a regulated wrapper for institutional exposure to the token, giving wealth managers a familiar vehicle if they choose to allocate. According to the post, those funds had attracted roughly $170 million in inflows.

That curiosity should not be mistaken for confirmed inflows. A companion poll found that 67% of attendees had no crypto allocation, although 60% expected prices to rise by the end of 2026 and said they intended to allocate within a year. For now, the near-term drivers to watch remain macroeconomic: upcoming official employment data and Federal Reserve policy signals, alongside whether XRP holds its $1.33 to $1.38 support band.