Key Highlights
- XRP hovered around $1.37 on September 1, declining 1.38% as surging Treasury yields dampened appetite for risk assets
- Weekly net inflows into US spot XRP ETFs reached $110.49 million for the week through August 28āthe strongest week in 2026
- The benchmark 10-year Treasury yield climbed near 4.80%, diverting capital from cryptocurrency markets
- A break beneath $1.34 may trigger further losses toward $1.30, with $1.20 emerging as a deeper support level
- Technical Elliott Wave projections suggest a possible Wave 3 rally to $2.90ā$3.10 following a corrective dip
XRP declined 1.38% to $1.3592 on September 1, retreating from its August gains as climbing US Treasury yields prompted investors to reduce exposure to higher-risk digital assets.
The cryptocurrency briefly rallied to $1.69 during August before losing momentum. Since then, it has consolidated within a narrow corridor spanning $1.35 to $1.40.
While the price weakened, institutional interest via US spot XRP exchange-traded funds stayed robust. The period concluding August 28 recorded net contributions of $110.49 millionāmarking the largest weekly accumulation this year.
On August 31, single-day inflows totaled $5.64 million. Canary’s XRPC product captured $4.71 million of that figure, while Bitwise contributed approximately $930,000.
Combined ETF holdings climbed to $1.45 billion, representing roughly 1.67% of XRP’s approximately $85 billion market capitalization. Bitwise managed the largest fund with $507.23 million under management, trailed by Franklin at $370.02 million and Canary at $341.60 million.
The 10-year Treasury yield advanced toward 4.80%, reaching levels not witnessed since January 2025. Higher yields on government securities typically encourage capital rotation away from cryptocurrencies.
Market analyst XRP Update shared on X that the token is “running out of room,” highlighting how the 4-hour timeframe shows compression between baseline support around $1.35 and falling resistance near $1.40. The analyst suggested a decisive breakout from this range could catalyze the next substantial price swing.
Technical Indicator Snapshot
The Relative Strength Index registered 39.56, hovering below the midpoint without entering oversold conditions. The MACD indicator came in at -0.0088, marginally above its signal line positioned near -0.0090.
Should XRP close beneath $1.34, the path toward $1.30 may open. Intensifying downward momentum could push the token toward $1.20 as the subsequent key level.
Conversely, a successful recapture of $1.38 might steer XRP back toward $1.50, with $1.60 representing an extended bullish objective.
Wave Analysis and Legislative Developments
Technical analyst Kap_Waves on TradingView outlined a developing Wave 2 correction pattern, anticipating a potential retracement into the $1.15ā$1.25 zone before any substantial upward continuation. The forecast positions Wave 3 objectives at $2.90 and $3.10, though this remains a theoretical framework rather than a guaranteed outcome.
Senator Kevin Cramer indicated the CLARITY Act holds favorable prospects for progression during the September 15 Senate voting session. Prediction market participants on Kalshi assigned a 91% likelihood to a Senate vote occurring before October, whereas Polymarket traders estimated only a 13% chance of the legislation passing into law during 2026.
The Securities and Exchange Commission additionally introduced proposed regulations facilitating blockchain integration within securities settlement processesāa move potentially signaling regulatory advancement while congressional crypto policy debates persist.
XRP was trading at $1.39 according to the most recent market data.
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