XRP Rebounds Above $1.38 as Wealth Managers Signal Growing Institutional Interest

XRP fell to $1.32 on Wednesday even as U.S. spot XRP ETFs recorded their eleventh consecutive day of net inflows. That slide has since reversed, with XRP climbing more than 4% to trade near $1.38. The bounce comes at a moment when institutional attention on the token appears to be building, raising fresh questions about whether an XRP price prediction of $2 this September is realistic or premature.

The clearest sign of that attention came from a gathering of roughly 400 wealth managers, where Bitwise research analyst Ryan Rasmussen said XRP generated more audience questions than any other digital asset on the agenda, ahead of Bitcoin, Solana, Hyperliquid, stablecoins, and tokenization. Rasmussen described the level of interest as strong in a follow-up thread posted after the event.

What happens next likely hinges on whether that curiosity converts into actual buying. Technically, XRP is squeezed into a descending triangle that has formed since its August peak near $1.70, with a narrow band between $1.35 and $1.38 now functioning as the key support zone traders are watching heading into the rest of the month.

Wealth Manager Survey Exposes a Belief-Action Gap

At the same event, a poll found that 67% of attendees currently hold no crypto exposure at all. Yet 60% said they expect prices to be higher by the end of 2026 and plan to build positions over the coming year. That gap between stated conviction and current allocation is one of the more notable findings to come out of the session.