Key Highlights
- Technical analyst Ali Martinez validates XRP’s decisive break above critical descending trendline, identifying $1.70 as the immediate upside objective
- Current XRP price action hovers around $1.40–$1.42 following a retreat from the recent peak at $1.66
- U.S. spot XRP exchange-traded funds attracted $110.49 million during the week concluded August 28 — establishing a new 2026 weekly record
- Senate floor action on the CLARITY Act is confirmed for September 15, with potential significant implications for XRP classification
- Reaching $2 by month-end September 30 requires a 42.9% appreciation from present trading levels
The digital asset XRP currently trades in the $1.40 zone after experiencing a pullback from its August pinnacle of $1.66. Chart architecture shows marked improvement, with a prominent market analyst now validating a confirmed technical breakout pattern.
Market technician Ali Martinez shared a one-hour timeframe XRP analysis revealing the token’s decisive penetration above a falling resistance line that had constrained upward momentum throughout the preceding week. Martinez declared: “Breakout Confirmed! XRP has cleared resistance. Next target: $1.70.”
The breakthrough zone surrounding $1.40 now represents a critical support foundation. Should XRP successfully navigate above $1.50, this would validate the bullish thesis and position the $1.70 objective within striking distance.
Looking further ahead, technical resistance zones worth monitoring include $2.09 and $2.35. Conversely, a breakdown beneath $1.37 could trigger downside momentum toward $1.20 and potentially invalidate the bullish breakout formation.
In a separate technical assessment, the XRP Update account shared a four-hour chart illustrating XRP consolidating within a downward-sloping channel while probing the upper resistance boundary. The analysis suggested that a successful channel breakout could propel XRP toward the psychologically significant $2.00 threshold.
$XRP IS SQUEEZING AGAINST RESISTANCE.
The 4H chart shows price tightening inside a descending channel, with $XRP now testing the upper boundary.
A breakout could trigger the next leg higher toward $2.00. @Bird_XRPL
pic.twitter.com/LuA7veDxQf
— XRP Update (@XrpUdate) August 30, 2026
Exchange-Traded Fund Demand Reaches 2026 Peak
United States-based spot XRP exchange-traded funds registered $110.49 million in net capital inflows during the seven-day period concluding August 28. This marks the most robust weekly performance since these investment vehicles commenced operations.
LATEST:
US spot XRP ETFs pulled in $110.49M last week in inflows, their weekly best performance of 2026. pic.twitter.com/JLkeSEGh6z
— CoinMarketCap (@CoinMarketCap) August 31, 2026
Aggregate ETF inflows have now surpassed $1.66 billion, while total assets under management approach $1.44 billion. Bitwise’s XRP ETF product commands the leading position with accumulated inflows exceeding $600 million. Franklin’s XRPZ follows with $462.86 million in recorded flows.
As fresh capital enters these investment vehicles, fund managers execute spot market purchases of XRP. Persistent weekly inflows exceeding the $100 million threshold systematically withdraw circulating tokens from exchange inventories.
Legislative Action Scheduled for Mid-September
XRP traders are closely monitoring September 15, the scheduled date for a Senate cloture vote on the CLARITY Act. This proposed legislation would establish XRP and select digital assets as digital commodities within the federal regulatory framework.
The procedural cloture motion requires 60 affirmative votes for advancement. Successful passage would enable the full Senate to proceed with a final determination on the underlying legislation.
XRP previously settled above the $2 threshold on January 17 of this year, following a climb to $2.41 during early January. Achieving a return to that level demands a 42.9% advance from current valuations — a more modest requirement than the 70% surge XRP delivered during August.
Bitcoin recently penetrated the $80,000 level for the first time in multiple months. XRP registered approximately 38% gains across the two-week period preceding that Bitcoin milestone.
The latest weekly ETF inflow figure of $110.49 million continues to stand as the peak recorded performance for calendar year 2026.
The post XRP Eyes $2 Milestone as ETF Inflows Shatter 2026 Records appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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