XRP is holding above a critical support level following a recent liquidation-driven pullback, with several underlying fundamentals pointing to renewed upside momentum.
Support Holds at a Key Structural Level
XRP briefly dropped below the previous quarter’s value area high near $1.43 during a liquidation spike, a move that initially signaled a possible local top forming. Since then, price has held above that level, which traders are treating as the most important technical marker in the current setup.
A confirmed break below $1.43 would hint the recent high was in fact a local top, while holding the level keeps the door open for a push toward the next target at $1.82.
RLUSD Growth and ETF Inflows
Two fundamental developments are being cited as supportive of XRP’s price. RLUSD, Ripple’s stablecoin, has grown to $2.1 billion in circulation, up from $1.57 billion on August 12.
That growth is viewed as a positive signal because it represents real revenue for Ripple independent of XRP’s market capitalization, potentially reducing the company’s reliance on XRP sales for funding. Separately, XRP-linked exchange-traded funds have recorded more than $40 million in net inflows.
Order Flow Favors XRP Over Bitcoin
XRP’s price action against Bitcoin, tracked through the XRP/BTC pair, showed signs of stabilizing after losing ground the previous day. Order flow data showed longs closing and shorts opening since Thursday afternoon, yet price held steady through that shift, a combination viewed as a constructive sign despite elevated funding rates that would typically be expected to ease under selling pressure.
What Comes Next
A confirmed breakout above $1.55 is being treated as the key confirmation level for a move toward $1.82, with that scenario viewed as most likely to play out over the coming week, potentially extending into September. A break lower in Bitcoin toward the $70,000 to $74,000 range was flagged as the main risk that could pull XRP down with it.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The DeFi protocol Term Labs has suffered an estimated $8.5 million loss after an attacker…
Bitcoin is trading at $77,129.12, up 22.8% over the past week, as former Coinbase Head…
South Korean traders are returning to crypto as Bitcoin climbed to a three-month high of…
Decentralized derivatives platform Hyperliquid has overtaken Solana based meme coin launchpad Pump.fun in 24-hour fees.…
President Donald Trump's son Eric Trump has rejected viral claims that the Trump family is…
BitMart is now looking at a restructuring plan instead of fully shutting down the exchange,…
