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XRP holds on to $1.40 after sharp decline,$2.70 target emerges

2026-09-05 15:35:12
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XRP rebounded above US$1.40, and analyst EGRAG CRYSTPTO pointed out that the target could reach US$2.70.

Core points:

  • XRP rebounded above $1.40 after falling back to about $1.33 from a peak near $1.70 in mid-August.
  • Spot trading activity reached its highest level since February this year, and XRP-related funds recently recorded the strongest weekly capital inflow in 2026.
  • Analyst EGRAG believes that US$1.50 and US$1.60 are the current key resistance levels. After a breakthrough, they are expected to look towards US$2.00, and the final target may hit US$2.70.

Resistance analysis for XRP

XRP's gains in mid-August were blocked at US$1.70, and then retreated sharply to around US$1.33 within a week. Since then, buying forces have pushed XRP back above $1.40, maintaining the recent recovery.

This rebound was accompanied by a significant surge in spot trading volume. In late August, XRP spot trading volume reached its highest level since February. Among them, Binance processed nearly $7.3 billion in XRP transactions, followed by Upbit (approximately $4.7 billion) and Bithumb ($2.6 billion).

Investment products linked to XRP also showed strong demand. At the end of August, the best trading week of 2026, related products attracted more than $110 million in capital inflows. Cumulative net inflows hit a record high of US$1.66 billion. Although inflows slowed last week, these funds have maintained positive net inflows for the second consecutive month.

EGRAG Bullish Scenario Analysis

Analyst EGRAG pointed out that XRP is trying to form a bullish continuation pattern after falling from $1.70 to $1.33. The key to this scenario is whether the buyer can recover the resistance level that has previously limited breakthrough attempts.

The first major test point is $1.50, followed by $1.60. EGRAG said that if the daily close can stand above these two positions, it will open up space for prices to move towards the psychological level of $2.00. If there is insufficient upward momentum, the US$1.25 to US$1.30 region will be the near-term support range, which has been verified in the latest round of declines.

Under EGRAG's scenario, a successful breakthrough would make $2.70 a potential target, implying an increase of about 100% from recent lows. Recent demand for ETFs and the accumulation behavior of large households support this bullish view, but these two do not guarantee that the goal will be achieved.

XRP's current trend began with a sprint towards $1.70 in mid-August, and then quickly reversed and fell to around $1.33. The subsequent rally brought it back above $1.40, and the token is now between the established support level below and multiple uncleared resistance levels above, and the market is in a critical consolidation stage.

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