XRP price analysis: Can $1.34 support hold as ETF demand hits 2026 high?

$XRP briefly touched $1.70 just over a week ago, then handed back a chunk of those gains as sellers stepped in near the $1.50 mark. By Aug. 31, the token was changing hands around $1.36, down roughly 8% for the week — yet the coin managed to hold a technical floor near $1.34, keeping the broader August rally intact for now. This $XRP price analysis breaks down what’s driving the pullback, why ETF demand is telling a different story than the derivatives market, and which price levels traders are watching heading into September.

Key takeaways

• $XRP retreated from $1.48 to $1.36 but held above its 4-hour Supertrend support at $1.341.
• U.S. spot $XRP ETFs pulled in $110.49 million in the week ending Aug. 28 — their strongest inflow week of 2026, according to SoSoValue.
• CoinGlass liquidation data shows major concentrations near $1.35, $1.38, and between $1.44 and $1.50.
• A break below $1.34 could open the door to $1.28, while reclaiming $1.40 would strengthen the recovery case.
• Ripple’s monthly 1 billion $XRP escrow release lands Sept. 1, and the Senate holds a procedural vote on the CLARITY Act on Sept. 15.

$XRP Price Analysis: Retreat Holds Key Support Despite Bearish Momentum

The short answer is that $XRP is cooling off after a hot month, not collapsing. The token’s slide from $1.48 to $1.36 followed a sharp climb off an August low near $0.98, a rally that added more than 30% in gains before $XRP topped out at $1.70 on Aug. 22. Sellers rejected that high almost immediately, and price carved out a string of lower highs beneath $1.55, $1.50, and $1.45 in the days that followed.