What to Know

  • XRP has climbed 5.7% in the past 24 hours, making it the top-performing asset among the top 5 cryptocurrencies over that period.
  • The move followed a drop 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 strongly from $1.32, a key support level watched by technical traders during the latest pullback.
  • CoinGlass data shows $480 million in short positions were liquidated across crypto markets in the past 24 hours, including $9 million tied to XRP.
  • XRP-linked ETFs recorded $159 million in net inflows in August, while the first three days of September brought in $13 million.
  • Some market participants believe XRP ETF inflows could approach $300 million this month if the uptrend continues.
  • Crypto market sentiment rose back to 78, signaling a return to “Greed” conditions after Bitcoin moved above its 200-day exponential moving average.
  • Technical traders are watching $1.55 as a nearer-term area of interest, while $1.80 remains a broader upside target if momentum holds.
  • The Relative Strength Index sits at 66, pointing to firm positive momentum, although it has slipped below its signal line.

XRP Rebounds as Rate Expectations Shift

XRP has regained bullish attention after rising 5.7% in the past 24 hours, a move that placed the token ahead of other top 5 crypto assets during the same window. The rebound came as broader digital asset markets reacted to a softer interest-rate backdrop, with traders reassessing the probability of a September rate hike following comments from Federal Reserve Governor Cristopher Waller.

Waller said he would prefer to keep rates unchanged at the next FOMC meeting, pointing to signs of “disinflation” in the United States. For crypto markets, that message mattered because expectations for lower or stable rates often improve appetite for risk assets. When investors believe monetary conditions may become less restrictive, speculative markets can draw fresh bids as capital moves back into growth-oriented and higher-volatility assets.

XRP responded quickly, bouncing from recent lows around $1.32. That level had been viewed by chart-focused traders as a critical support zone during the latest pullback. The strength of the reaction suggests that buyers were waiting near that area, particularly as macro conditions turned more favorable for digital assets in the short term.

Why the $1.32 Support Zone Matters

The $1.32 level carries technical significance because it combines more than one form of market support. Chart watchers have pointed to the area as a demand zone where the 200-day exponential moving average aligns with a former resistance region that has since turned into support. In technical analysis, this type of confluence can strengthen a level because multiple groups of traders may identify the same zone as an attractive entry area.

A bounce from former resistance can be especially important. When a market breaks above a previous ceiling, traders often look for that same zone to act as a floor during a later pullback. If buyers defend it, the price action can reinforce the view that the prior breakout remains valid. XRP’s move off $1.32 therefore gives bulls a stronger case that the latest decline may have been a reset rather than a trend reversal.

That said, support zones are not guarantees. XRP still needs follow-through buying to confirm that the rebound has enough strength to continue. A single rally from support can attract short-term traders, but sustained advances typically require a combination of liquidity, sentiment, volume and broader market participation. For now, the defense of $1.32 has put bullish targets back into discussion.

Short Liquidations Add Fuel to the Move

The latest crypto rally was also supported by a wave of short liquidations. Data from CoinGlass shows that $480 million worth of short positions were liquidated across the market in the past 24 hours. Of that total, $9 million was tied to XRP. Liquidations occur when leveraged traders are forced out of losing positions, and in the case of shorts, forced buying can accelerate an upward move.

This type of event can create a feedback loop. As prices rise, traders betting on declines face mounting losses. If the market moves too far against them, exchanges close those positions automatically, requiring purchases that can push prices higher still. This is one reason why crypto rallies can move sharply once a major support area holds and sentiment turns positive.

The latest short liquidation spike was the strongest single-day move of its kind since the late-August rally. That detail matters because it indicates that bearish positioning had built up meaningfully during the pullback. When the market turned, those positions became vulnerable. Some technical traders now view the liquidation surge as evidence that late sellers were caught offside, while new buyers may have stepped in to position for a broader recovery.

XRP ETF Inflows Strengthen the Bullish Narrative

Beyond the short-term trading dynamics, ETF inflows are adding another layer to the XRP story. Data from SoSoValue shows that XRP-linked exchange-traded funds closed August with $159 million in net inflows. The momentum also carried into September, with investors adding $13 million during the first three days of the month.

Exchange-traded funds can matter because they provide a familiar route for market participants who prefer regulated or traditional investment vehicles rather than holding tokens directly. While ETF flows do not remove volatility from the underlying asset, steady demand through these products can support market confidence, especially when paired with improving spot price action.

If the current uptrend continues, some market participants believe Wall Street inflows into XRP ETFs could approach $300 million this month. That projection remains conditional, not guaranteed. It depends on whether market sentiment stays supportive, whether XRP continues to hold key technical levels, and whether broader crypto demand remains firm. Still, the early September inflow data gives bulls another reason to monitor institutional-style participation.

Sentiment Returns to Greed as Crypto Risk Appetite Improves

Market sentiment has recovered alongside the price action, climbing back to 78 after a brief decline. That reading places investors in “Greed” territory and marks the highest level for the gauge since December 2024, when cryptocurrencies were also experiencing strong conditions. Sentiment readings are not standalone buy or sell signals, but they help show how aggressively traders are leaning into risk.

The improvement came as Bitcoin broke above its 200-day exponential moving average, a development that often influences the wider crypto market. Bitcoin remains a key barometer for digital asset risk appetite, and when it clears widely watched trend indicators, altcoins such as XRP can benefit from renewed speculative interest.

For XRP, the shift in sentiment is important because the token’s latest move is not happening in isolation. A healthier market backdrop can make technical breakouts more credible, while weak market-wide conditions can limit even promising individual setups. The combination of stronger sentiment, ETF inflows and liquidations has created a more constructive environment for XRP bulls.

Traders Watch $1.55 and $1.80

With XRP back above its recent support zone, traders are now watching the next upside areas. The $1.55 region is being viewed as a nearer-term target for scalpers and day traders. This area may attract profit-taking from shorter-horizon participants who entered near the rebound from $1.32 and are looking for a tactical move rather than a full trend extension.

For swing traders, the broader target remains $1.80 if the current setup continues to develop. That level has become the main upside marker for those expecting XRP’s bounce to evolve into a larger bullish leg. The case for $1.80 depends on XRP maintaining momentum, holding key support on pullbacks and attracting enough demand to break through interim resistance areas.

Momentum readings remain constructive. The Relative Strength Index is currently at 66, showing positive pressure but not presenting the same message as an overheated extreme. However, the oscillator has slipped below its signal line, which introduces some caution. That detail suggests bulls may still need to prove that the latest move can sustain itself rather than fade after the initial burst from short covering and macro relief.

What Could Challenge the XRP Rally?

The main risk for XRP is a failure to build on the $1.32 bounce. If buyers lose control and the token revisits that area too quickly, confidence in the support zone could weaken. A break below that region would likely force technical traders to reassess the bullish setup, especially because the zone carries confluence with the 200-day exponential moving average and prior resistance.

Macro expectations also remain important. The rally was partly driven by reduced rate hike odds and the perception that disinflation could keep policymakers from tightening further at the next FOMC meeting. If rate expectations shift again, or if investors become more cautious toward risk assets, crypto markets could face renewed pressure.

ETF inflows are another factor to watch. The $159 million recorded in August and the $13 million seen in the first three days of September are supportive, but the idea of roughly $300 million this month depends on the continuation of the uptrend. If flows slow, the bullish narrative may lose one of its key supports.

FXCOINZ Market View

XRP’s latest rebound has improved the technical picture, especially because it came from a level that many traders were already watching. The move from $1.32, combined with a 5.7% daily gain, rising ETF demand and broad short liquidations, gives bulls a more credible near-term case than they had during the pullback.

Still, the setup remains conditional. The $1.55 area is the next practical checkpoint, while $1.80 is the larger upside target if momentum extends. Traders will likely continue to monitor the 200-day exponential moving average, ETF flow data, short liquidation patterns and broader crypto sentiment to judge whether XRP is beginning a sustainable leg higher or simply enjoying a relief rally after a crowded bearish trade unwound.

Frequently Asked Questions (FAQs)

Why did XRP rise in the past 24 hours?

XRP rose 5.7% in the past 24 hours as crypto markets rallied following a decline in September rate hike expectations. Comments from Federal Reserve Governor Cristopher Waller supporting 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. Technical traders view that zone as important because it aligns with the 200-day exponential moving average and a former resistance area that has turned into support.

What is the next XRP price target?

The nearest area of interest is $1.55, which short-term traders may watch as a tactical target. A broader upside target of $1.80 remains in focus if XRP continues to build on its rebound.

How much money flowed into XRP ETFs in August?

XRP-linked ETFs recorded $159 million in net inflows during August. In the first three days of September, those products attracted another $13 million in inflows.

Could XRP ETF inflows reach $300 million this month?

Some market participants believe inflows could approach $300 million this month if the uptrend continues. That outcome is conditional and depends on sustained demand, supportive sentiment and continued strength in XRP’s price action.

What role did short liquidations play in XRP’s move?

Short liquidations helped amplify the rally. CoinGlass data shows $480 million in short positions were liquidated across crypto markets in the past 24 hours, including $9 million tied to XRP.

What does the XRP RSI reading suggest?

The Relative Strength Index is currently at 66, indicating positive momentum. However, it has slipped below its signal line, so traders may look for continued follow-through before treating the rally as confirmed.

Is XRP guaranteed to reach $1.80?

No. The $1.80 level is a market target watched by some technical traders, not a guaranteed outcome. XRP would need to maintain support, preserve momentum and benefit from continued demand to make that move more likely.

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