XRP has stabilized in the $1.40–$1.45 range after briefly testing $1.70 during an active growth phase, and traders are now focused on the $1.25 level as the main pivot for the current cycle. According to TradingView indicators and CryptoQuant on-chain data, the $1.25 zone is where the middle Bollinger Band intersects the 0.5 Fibonacci retracement level based on the August impulse from $1.00 to $1.70.
Whales appear to be positioning for a possible second accumulation phase. During the initial rally, wallets holding between one million and 10 million XRP added around 642 million tokens. More recently, Binance XRP reserves spiked to 2.6245 billion tokens near the local high, signaling retail profit-taking around $1.45. Over the past year, however, Binance’s total XRP reserves have declined from 3.1 billion to 2.6 billion tokens, a trend analysts describe as a supply shortage as large investors continue to remove available supply from exchanges.
The next major catalyst is the September 15 US Senate procedural vote on the CLARITY Act, which aims to define the legal status of digital assets and divide regulatory authority between the SEC and CFTC. Market participants suspect large wallets want to complete discounted buying near $1.25 before lawmakers make their decision.
Bullish analysts, including EGRAG CRYPTO, argue that XRP could target $2.70 if buyers reclaim key resistance. The first hurdle sits at $1.50, followed by $1.60, and a decisive daily close above both could open the path toward the psychological $2.00 level. Support is seen in the $1.25–$1.30 range, which was successfully tested recently. Spot trading activity has surged, with Binance handling nearly $7.3 billion in XRP trades in late August, ahead of Upbit at $4.7 billion and Bithumb at $2.6 billion.
ETF demand is also supportive. XRP ETFs recorded their best week of 2026 at the end of August with more than $110 million in inflows, lifting cumulative net inflows to a record $1.66 billion. Although the pace cooled in the following week, funds have remained in positive territory for two consecutive months, and Ripple whales have continued accumulating even after XRP’s rejection at $1.70.
