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$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.
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