Overview
- XRP entered a consolidation phase around $1.35–$1.38 after strong August gains, with market quotes near $1.37 on September 1, as traders weighed profit taking and supply news.
- Ripple executed its scheduled September 1 escrow release of 1 billion XRP in three transactions of 500 million, 400 million and 100 million tokens, and unused tokens can be returned to escrow rather than sold into the market.
- US spot XRP ETFs have been steady buyers with the week ending August 28 recording roughly $110.49 million of inflows and total ETF assets near $1.45 billion, led by Bitwise’s roughly $507 million fund.
- Macro pressure rose as the US 10‑year Treasury yield approached about 4.8% and Federal Reserve commentary increased expectations for further rate hikes, a shift that has pushed some investors toward safer, yield‑bearing assets.
- Technically, analysts flag near‑term support at $1.30–$1.35 and resistance near $1.50, and a close below about $1.34 could open a slide toward $1.30 and then $1.20 while the Sept. 15 Senate calendar item on the CLARITY Act remains a possible regulatory trigger.