XRP rebounds strongly after holding key support level

On Sep. 4, 2026, XRP was trading at $1.46, up 9.4% over the past 24 hours. After breaking through the downtrend line that had been capping XRP for several days, the price surged from $1.33 to $1.46, marking one of the largest single-day gains in recent memory.

XRP’s next target price is $1.54. However, it has yet to break through the long-term resistance zone between $1.50 and $1.80, which has been holding back its upward momentum for several months. A breakout from this zone, accompanied by strong follow-through buying pressure, is necessary to confirm that this rally is not a fleeting phenomenon but rather the beginning of a larger uptrend.

Today’s price rebound is not merely a technical reaction. XRP’s fundamentals have been steadily strengthening throughout 2026.

On Aug. 11, 2026, Ripple received a full Crypto-Asset Service Provider (CASP) license from the Luxembourg Financial Supervisory Commission (CSSF) under the EU’s MiCA framework. This means Ripple can provide compliant payment services in all 30 countries and regions of the European Economic Area.

Three key catalysts in September

If you’re an XRP investor, be sure to keep these three dates in September in mind:

   · Sep. 11 | XRPL 3.3.0 version upgrade activated

   · Sep. 15 | Senate vote on the CLARITY Act

   · Sep. 16 | U.S. Federal Open Market Committee (FOMC) interest rate decision

For retail investors, betting on the outcome of a specific date is a very difficult decision. If you buy XRP at $1.46 and the bill is rejected on September 15, you could incur an immediate loss.

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Conclusion

XRP is currently trading at $1.46, up 9.4% today, having successfully held the key support level of $1.36 and broken above the downtrend line. However, the September 15 vote on the CLARITY Act still poses a risk. If the bill passes, the price of XRP could surge to $2. If it fails to pass, it could fall back to $1.27. No one can be certain of the final outcome.

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XRP price traded near $1.45 on Sept. 4 after breaking above a falling 4-hour channel, but resistance between $1.50 and $1.53 remains the next test for buyers.

XRP price action today

According to data from crypto.news, XRP (XRP) price was changing hands near $1.45 on Friday, consolidating after a sharp recovery from its early September low near $1.33.

The token briefly reached approximately $1.47 during the latest advance before losing some momentum. Even so, the pullback has remained shallow compared with the size of the breakout.

XRP’s 4-hour chart shows that price has moved above the upper boundary of a descending channel that had guided the market lower since its Aug. 22 rally. The channel formed after XRP spiked to a local high near $1.70 and then recorded a series of lower highs and lower lows.

The breakout occurred near $1.37 and was followed by a rapid move above $1.45. XRP is now holding above the former channel resistance, leaving the short-term bullish structure intact while that level remains defended.

The Awesome Oscillator stands at 0.0669 and continues to print positive bars. The reading indicates that short-term momentum remains stronger than longer-term momentum, although the latest bars show that the initial acceleration may be slowing.

The Average Directional Index has climbed to 26.88. An ADX reading above 25 normally points to a developing directional trend, giving the channel breakout more weight than a move occurring under weak trend conditions.

XRP faces resistance at $1.50 and $1.53

The first major barrier sits between $1.48 and $1.50, where XRP repeatedly struggled to hold gains following its August surge. A 4-hour close above the zone could allow buyers to challenge the descending channel’s starting area near $1.55.

The daily chart places additional resistance at $1.53. Crypto analyst ChartNerd identified that level as XRP’s 50-week exponential moving average, while the 20-week EMA sits much lower at approximately $1.28.

According to ChartNerd, XRP remains inside a large weekly compression range between the two averages. The analyst said a convincing move above the 50-week EMA could open the way toward $1.80, while repeated weekly closes below it would raise the risk of a deeper retracement.

Daily momentum supports another resistance test but also calls for some caution. XRP’s 14-day Relative Strength Index is at 66.22, below its signal average of 69.73 and just under the conventional overbought threshold of 70.

The reading shows that buyers still control the broader move, although momentum has cooled since XRP reached $1.70. A push above 70 alongside a price close over $1.53 would provide stronger confirmation that the recovery is extending.

Liquidation map puts $1.43 support in focus

CoinGlass’ three-day XRP liquidation heatmap shows the nearest large concentration of leveraged positions around $1.425 to $1.435. That liquidity sits just below the current market price and could attract a short-term sweep if XRP fails to hold $1.45.

Further downside liquidity is spread across $1.40 and $1.37. The latter level is especially important because it overlaps with the former 4-hour channel resistance. A retest that holds above $1.37 would preserve the breakout structure.

A move below $1.37, however, would place the lower end of the former channel near $1.30 back in play. The daily Supertrend provides a wider structural support level at $1.2439, close to ChartNerd’s 20-week EMA near $1.28.

Above the market, liquidation positions are concentrated from approximately $1.48 to $1.53. A break into that zone could force short sellers to close their positions, adding market buy orders and potentially accelerating the move.

The heatmap does not guarantee that the price will reach either pool. It instead identifies areas where leveraged positions may be vulnerable if volatility increases.

Analysts see higher targets if the breakout holds

A separate analysis published by trader CW said XRP’s previous correction ended near the 0.5 Fibonacci retracement level. The token has since recovered above the 0.618 retracement, according to the analyst’s chart.

CW placed the next extended target at approximately $2.135, corresponding to the 1.618 Fibonacci extension. Reaching it would require XRP to clear several nearer barriers, including $1.50, $1.53, the August high near $1.70, and ChartNerd’s $1.80 target.

The nearer levels carry more importance for the current setup. A sustained move above $1.53 would complete the next stage of the breakout, while rejection could keep XRP confined between roughly $1.37 and $1.50.

US catalysts could raise XRP volatility

US-listed spot XRP exchange-traded funds recorded $110.49 million in net inflows during the week ending Aug. 28, their strongest weekly result of 2026. The figure followed an earlier increase in XRP ETF activity, with cumulative inflows reaching approximately $1.6 billion.

Traders are also watching the Senate’s Sept. 15 procedural vote on the CLARITY Act. The cloture motion requires 60 votes to advance and would end debate on the motion to proceed rather than pass the bill itself. The legislation could affect how US regulators divide oversight of digital assets.

Federal Reserve policy represents another near-term risk. Fed Governor Christopher Waller said on Sept. 3 that three-month core inflation had fallen from 4.76% in February to 3.05% through July.

Waller said he would support leaving rates unchanged if incoming inflation data confirms the cooling trend, but he did not rule out a hike if price pressures return. The August inflation report and the Fed’s Sept. 15–16 meeting could therefore influence liquidity across XRP and the wider crypto market.

For now, XRP’s 4-hour breakout favors buyers above $1.37. A close over $1.53 would strengthen the case for $1.70 and $1.80, while a loss of $1.37 would expose the $1.30–$1.24 support region.

Bitcoin (BTC) reached another multi-month high after reclaiming $80,000, climbing to $81,749 on Thursday after Federal Reserve Governor Christopher Waller tempered expectations of a September rate hike.

However, the flagship cryptocurrency lost momentum after hitting a key resistance zone. If BTC holds above $80,000, it could target a move past $83,500 and confirm a falling wedge breakout.

Bitcoin (BTC) Back Above $80,000 After Rate Hike Odds Drop

Bitcoin (BTC) is currently trading around $80,826, up almost 4% in the past 24 hours. The rally helped the price overcome recent weakness and retest levels that halted its August rally. Buyers must convert $80,000 into support to sustain the latest breakout.

The reversal came after Federal Reserve Governor Christopher Waller cooled immediate expectations of a rate hike after the September FOMC meeting if incoming inflation data is favorable. However, he did not rule out a hike if inflation numbers come in higher. Waller’s comments put the focus on the upcoming August Consumer Price Index (CPI) data, making it a factor in whether interest rates remain stable or are raised higher.

Additionally, two- and ten-year Treasury bond yields fell, and the dollar weakened, creating a conducive environment for Bitcoin and other risk assets.

Corporate Demand Provides Additional Support

Returning corporate demand helped support Bitcoin’s latest resurgence. Strive CEO Matt Cole revealed the company could purchase over 20,000 BTC by the end of the year, helping shore up sentiment around the asset. The company disclosed a 1,800 BTC purchase earlier this week. The purchase was completed at an average price of $79,431, taking Strive’s total holdings to 23,156 BTC.

Capital-B, a company listed in France, raised €7.6 million through a private placement from Blockstream CEO Adam Back. The company disclosed it will use the proceeds from the raise to fund a 376 BTC acquisition. Returning corporate demand indicates renewed institutional confidence in the asset and suggests companies are buying and holding BTC on their books as a reserve asset again.

Weakening Dollar Pushes Bitcoin (BTC) Higher

Besides the Fed’s comments and declining Treasury bond yields, a weak dollar has also helped Bitcoin and the broader cryptocurrency market push higher. BTC’s move higher comes against the backdrop of a strengthening Japanese yen (JPY), which some reports state is likely due to central bank intervention.

The USD/JPY pair fell to 158.5 on Wednesday before sliding further to 155.4 on Thursday. This had a domino effect and put pressure on the US Dollar Index (DXY), pushing it down to 99. However, the suspected central bank intervention to prop up the yen has revived concerns about a carry-trade unwind. News outlet The Macro Paper commented on the probable intervention, stating:

“In the last 24 hours, USD/JPY has dropped almost 2.5%, which doesn’t happen without any major intervention. On top of that, BOJ is most likely expected to hike rates this month, with more rate hikes possible in Q4. This is the exact thing that happened in Q3 2024, when BOJ intervened and hiked rates together.”

Can Bitcoin (BTC) Overcome Key Resistance Zones

Bitcoin’s revival sees the cryptocurrency retesting the $81,000 to $82,500 zone that capped its August rally. A close above these levels could confirm a breakout and push the price towards $85,000. One analyst, Franklin, identified $83,450 as a key support level, adding that BTC was testing a falling wedge breakout. However, the price must close above resistance levels to confirm a breakout.

Momentum has strengthened as well, with the fear and greed index at 78 and the relative strength index (RSI) above 70, a level typically associated with overbought market conditions. Additionally, BTC is trading above all four moving averages on its daily chart (20-day at $74,775, 50-day at $68,489, 200-day at $69,602, and 100-day at $66,334). Bitcoin has also broken above the upper Bollinger Band on the 4-hour chart. This confirms substantial upside pressure, but could also suggest price action is getting stretched.

A look at CoinGlass’ liquidation heatmap shows that BTC has cleared several short clusters between $78,000 and $80,500. This likely triggered forced buying as traders closed their positions, accelerating upward momentum. The next major cluster sits between $81,300 and $81,600. If the flagship cryptocurrency clears this level, it could push towards $85,000, liquidating smaller clusters along the way. Meanwhile, downside liquidity is concentrated between $76,400 and $79,800. If the price falls below $80,000, it will likely drop towards these levels.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.