What to Know

  • XRP advanced 5.7% in the past 24 hours, making it the top-performing asset among the top 5 cryptocurrencies during the period.
  • The move followed a decline in the odds of a September rate hike after Federal Reserve Governor Cristopher Waller said he would prefer to keep rates unchanged at the next FOMC meeting.
  • XRP bounced sharply from $1.32, a key support area watched by technical traders during the latest pullback.
  • CoinGlass data showed $480 million in short positions were liquidated across the crypto market in the past 24 hours, including $9 million tied to XRP.
  • XRP-linked ETFs attracted $159 million in August and added $13 million during the first three days of September, according to SoSoValue data.
  • Some market participants believe XRP ETF inflows could reach around $300 million this month if the current uptrend continues.
  • Market sentiment climbed back to 78, placing investors in “Greed” territory after Bitcoin moved above its 200-day exponential moving average.
  • The $1.55 region is being monitored as a nearer-term trading target, while $1.80 remains a broader upside level if momentum extends.
  • The Relative Strength Index sits at 66, indicating that positive momentum remains firm even after the oscillator moved below its signal line.

XRP Regains Momentum as Rate Hike Fears Cool

XRP has returned to the center of the crypto market’s short-term momentum trade after gaining 5.7% in the past 24 hours. The move lifted the token from its recent lows and once again made it the strongest performer among the top 5 crypto assets over the same period. The rebound came as traders reassessed the outlook for interest rates in September, with lower rate hike odds helping risk assets recover from recent pressure.

The shift in tone followed comments from Federal Reserve Governor Cristopher Waller, who said he would prefer to keep rates unchanged at the next meeting of the FOMC Committee. Waller pointed to signs of “disinflation” in the United States, a phrase that immediately caught the attention of traders across crypto and other risk-sensitive markets. When investors believe monetary policy may become less restrictive, assets such as cryptocurrencies can benefit because the opportunity cost of holding speculative positions may appear less burdensome.

XRP’s reaction was especially sharp because the token had already been sitting near an important technical zone. The price had pulled back to $1.32, a level many chart watchers had treated as a key support area. The bounce from that region gave bulls a cleaner technical argument: buyers defended a level with historical relevance, and the broader market backdrop improved at the same time. That combination has revived discussion around whether XRP can now extend toward $1.55 and, if conditions remain supportive, $1.80.

Short Liquidations Add Fuel to the Rebound

The latest rally was not driven only by spot buying. Liquidation data suggests that short sellers were also forced to unwind positions as prices rose. CoinGlass data showed that $480 million worth of short positions were liquidated across the crypto market in the past 24 hours. Of that total, $9 million came from XRP-linked positions.

Short liquidations can intensify rallies because bearish traders who bet on falling prices are forced to buy back exposure when the market moves against them. This can create a feedback loop in which rising prices trigger forced buying, which in turn pushes prices higher. While liquidations do not guarantee a sustained trend, they can help explain why a move accelerates quickly after an important technical level holds.

The latest liquidation spike marked the strongest single-day increase in short liquidations since the late-August rally. That comparison matters because it suggests traders who entered late bearish positions may have been caught offside as the market turned. It may also indicate that new buyers are stepping in as they position for a continuation of the uptrend rather than treating the bounce as a brief recovery.

XRP ETF Inflows Strengthen the Bullish Case

ETF activity has also become an important part of the XRP narrative. SoSoValue data showed that XRP-linked exchange-traded funds closed August with $159 million in net inflows. The new month also began on a positive note, with investors adding $13 million during the first three days of September.

For XRP, these inflows are important because ETF products can broaden access to the asset. Instead of using crypto exchanges directly, investors may gain exposure through regulated market vehicles. That can support demand if interest from institutional and traditional market participants continues to grow. It can also create a more visible flow narrative, allowing traders to track whether capital is entering or leaving XRP-linked products over time.

It is still early to project where September inflows will land. However, some market participants believe Wall Street could direct around $300 million into XRP-linked ETFs this month if the uptrend remains intact. That view is being compared with the levels seen during the September-November 2025 period in the latest bull market. The key condition is continuation: without sustained price strength and broader risk appetite, ETF demand could fall short of those expectations.

Sentiment Returns to Greed as Crypto Risk Appetite Improves

Broader market sentiment has also improved. A sentiment gauge climbed back to 78 after a brief drop, signaling that investors have returned to “Greed” mode. The move came after Bitcoin broke above its 200-day exponential moving average, a development that often draws attention from technical traders because long-term moving averages are widely used to judge trend strength.

The sentiment reading is notable because it reached its highest level since December 2024, when cryptocurrencies were also experiencing a strong market phase. Elevated sentiment can support rallies by encouraging traders to take on additional risk. At the same time, very bullish sentiment can create vulnerability if the market becomes crowded on one side. For XRP, the current environment appears supportive, but traders are likely to remain alert to whether enthusiasm becomes excessive.

Crypto markets often move in waves of liquidity and confidence. When investors expect lower rates, ETF inflows improve, shorts are squeezed and sentiment rises, the same factors can reinforce one another. XRP is currently benefiting from that blend. The durability of the rally will depend on whether buyers continue defending higher support levels and whether macro expectations remain favorable.

Technical Traders Watch $1.55 and $1.80

The technical setup for XRP is now focused on whether the bounce from $1.32 can develop into a larger upward leg. That zone carried added importance because it aligned with the 200-day exponential moving average and a former resistance area that has now turned into support. When old resistance becomes new support, chart watchers often view it as evidence that market structure is improving.

The nearest upside zone being monitored by shorter-term traders is $1.55. Scalpers and day traders may view that region as a logical area to take profits or reassess momentum because it sits closer to the current rebound path. If XRP reaches that area quickly, the market’s response could provide an important clue about whether the rally has enough strength to continue.

For swing traders, $1.80 remains the larger upside target under the current bullish scenario. That level is not guaranteed, and it depends on continued demand, stable market sentiment and the absence of a renewed macro shock. Still, the strong reaction from $1.32 has kept the $1.80 target alive for traders who believe XRP is entering the early phase of a broader crypto bull move.

Momentum Remains Positive, but Traders Stay Selective

Momentum readings continue to support the bullish argument. The Relative Strength Index currently sits at 66, showing that positive momentum remains strong. Although the oscillator has dropped below its signal line, the broader reading still suggests that buyers have not lost control of the market.

For technical traders, an RSI near this area can signal strength without necessarily confirming exhaustion. However, momentum indicators are best used alongside price action rather than in isolation. If XRP holds above the recent support zone and continues building higher lows, bullish traders may remain confident. If the token loses momentum and falls back toward the support region, the market may need to reassess whether the latest rally was durable.

The most important factor is confirmation. XRP has already delivered the bounce that traders wanted to see from $1.32, but the next phase requires follow-through. A move toward $1.55 would strengthen the bullish case, while continued ETF inflows and improving market sentiment could increase confidence in a possible extension toward $1.80.

Macro Backdrop Remains Central to XRP’s Path

The September rate outlook remains a major driver for risk assets. If traders continue to believe that rates may stay unchanged, the environment could remain supportive for crypto. Lower rate hike expectations often weaken the pressure on speculative assets by improving appetite for growth-oriented and higher-volatility positions.

Still, crypto assets remain sensitive to sudden changes in policy expectations. A shift in inflation data, central bank commentary or broader liquidity conditions could quickly alter risk sentiment. For XRP, that means the technical rebound is encouraging, but not insulated from macro volatility.

At the moment, XRP’s setup combines a defended support level, visible ETF demand, a short squeeze, stronger sentiment and firm momentum. That mix is why the $1.80 target is back in focus. The next test is whether buyers can keep control long enough to convert the rebound into a sustained breakout attempt.

Frequently Asked Questions (FAQs)

Why did XRP rise in the past 24 hours?

XRP rose 5.7% in the past 24 hours as September rate hike odds declined and the broader crypto market rallied. Comments from Federal Reserve Governor Cristopher Waller favoring unchanged rates at the next FOMC meeting helped improve risk appetite.

What is the key support level for XRP?

The key support level being watched is $1.32. XRP bounced strongly from that area, which technical traders view as important because it also had confluence with the 200-day exponential moving average and a former resistance zone.

What is the next XRP price target?

The nearer-term area being watched is $1.55, especially for scalpers and day traders. The broader upside target remains $1.80 if the current bullish structure continues to hold.

How much money flowed into XRP ETFs in August?

XRP-linked ETFs brought in $159 million in August. During the first three days of September, these products attracted an additional $13 million in net inflows.

Could XRP ETF inflows increase this month?

Some market participants believe XRP-linked ETF inflows could reach around $300 million this month if the uptrend continues. That outcome depends on sustained demand, improving sentiment and continued market momentum.

What role did short liquidations play in the XRP rally?

Short liquidations helped accelerate the rebound. CoinGlass data showed $480 million in crypto short positions were liquidated in the past 24 hours, including $9 million tied to XRP.

What does the sentiment reading of 78 mean?

A sentiment reading of 78 indicates that investors are in “Greed” mode. The move came after Bitcoin broke above its 200-day exponential moving average, improving confidence across the crypto market.

Is XRP guaranteed to reach $1.80?

No. The $1.80 level is a bullish target, not a certainty. XRP would likely need continued buying pressure, favorable macro conditions, steady ETF inflows and a successful move beyond nearer resistance areas to keep that target in play.

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