XRP steadies near $1.42 after August rebound, with $1.30 support in focus

  • XRP reclaimed $1.30 after rebounding from August lows near $1.00.
  • XRP traded around $1.42 and remained below the $1.50 resistance area.
  • U.S. spot XRP ETFs received $1.55 million in reported net inflows.

XRP traded around $1.42 after rebounding sharply from August lows near $1.00 and reclaiming the $1.30 area, which has shifted from resistance to an important support level. The recovery has restored a positive short-term structure, but XRP remains below the major $1.50 resistance zone that traders were already watching as confirmation for a broader advance. XRP previously rose 3.77% in 24 hours to about $1.43 on September 9 and gained 4.2% over seven days, supported by reported whale accumulation, bullish derivatives positioning and inflows into U.S. spot XRP exchange-traded funds. Separate reports cited $1.55 million in net inflows, nearly $2 million on Tuesday and $13 million in early-September net inflows for different periods. Technical analysts had identified upside targets of $1.46, $1.8815 and $2.10 if chart breakouts were confirmed. The wider backdrop included elevated crypto sentiment, equity-market pressure, Ripple CEO Brad Garlinghouse's advocacy for the CLARITY Act and attention on the Federal Reserve's September 16 interest-rate decision.

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