XRP price traded near $1.36 on Aug. 31 after falling roughly 7% over seven days, as fading momentum and leveraged position unwinding offset record weekly demand from U.S. spot exchange-traded funds.

XRP price pulls back 7% after August rally

According to data from crypto.news, XRP (XRP) price was trading around $1.36 on Aug. 31 at the time of writing. The token had declined from approximately $1.48 over the previous seven days, leaving it down about 7% for the period.

The pullback followed a rapid recovery from an August low near $0.98. XRP gained more than 30% during the month and briefly reached $1.70 on Aug. 22 before sellers rejected the move. Price then formed a series of lower highs below $1.55, $1.50, and $1.45.

XRP’s 4-hour chart shows that the latest decline brought the token back toward a support area that formed during the initial breakout. The Supertrend indicator remained bullish at $1.341, placing its active support slightly below the market price.

However, the Awesome Oscillator registered a negative reading of -0.0364. Its histogram also stayed below zero, indicating that short-term bearish momentum had not fully cleared despite XRP’s attempt to stabilize above $1.35.

The combination leaves XRP at a decision point. Holding $1.34–$1.35 would preserve the higher trading range created by the August rally, while a confirmed 4-hour close below it could weaken the remaining bullish structure.

ETF inflows counter XRP derivatives reset

U.S. spot XRP ETFs recorded $110.49 million in net inflows during the week ending Aug. 28, according to data from SoSoValue. It was their strongest weekly result of 2026.

The funds held about $1.44 billion in net assets after the inflows, while cumulative net inflows reached approximately $1.66 billion. The demand created a contrast between institutional fund flows and XRP’s falling market price.

Derivatives traders took a more defensive position. Aggregate XRP futures open interest had climbed to approximately $2.73 billion earlier in August, its highest level since October, as leveraged traders positioned for a larger move.

Price and open interest later declined together as XRP retreated from the $1.48–$1.50 resistance zone. Such a combination generally points to traders closing existing positions rather than building an aggressive new short position, although open-interest changes alone cannot identify every trader’s direction.

The reset reduced some of the leverage accumulated during the rally. It did not, however, produce enough spot buying to return XRP above $1.40 before the end of the month.

XRP liquidation map identifies the next price magnets

The one-week CoinGlass liquidation heatmap places the largest nearby liquidity concentrations around $1.35 and $1.38. XRP tested both areas during the Aug. 31 decline and was trading between them when the chart was captured.

A concentrated band around $1.35 could attract further price movement if sellers retest the weekly low. Losing that level would place the next visible liquidity pockets near $1.33 and $1.30.

Liquidity also remains stacked above the market. The first meaningful overhead cluster appears near $1.40–$1.42, followed by a broader concentration between $1.44 and $1.45. Larger liquidation bands extend toward $1.48–$1.50.

Those zones could accelerate a rebound if XRP moves higher and forces leveraged short positions to close. They can also act as resistance because traders may use the same levels to exit positions.

The daily chart provides a more constructive signal. Chaikin Money Flow stood at 0.09, keeping the indicator above zero and pointing to net buying pressure over its 20-day measurement period. The positive reading suggests capital has not fully left the market despite the weekly price decline.

XRP nevertheless remained close to the daily Murrey Math pivot near $1.40. A daily recovery above that level would open a path toward $1.50 and the chart’s $1.60 resistance. Failure to reclaim it would leave the token exposed to another test of the lower trading range.

XRP support at $1.28 becomes the main downside test

Chart analyst ChartNerd said XRP had failed to reclaim its 50-week exponential moving average for a second consecutive week. The analyst placed that average near $1.53 and identified the 20-week EMA around $1.27 as the next short-term support floor.

The weekly rejection adds weight to the $1.48–$1.53 resistance range. A break above the zone would invalidate the present series of lower highs and allow buyers to target $1.60, followed by the August wick near $1.70.

On the downside, the 4-hour Supertrend at $1.341 offers the first line of support. A decisive break could send XRP toward $1.30 and the weekly 20 EMA near $1.27–$1.28. The bullish August recovery would become more vulnerable if the price closes below that moving average.

Ripple’s scheduled escrow release adds another short-term consideration. The company’s monthly system is set to unlock 1 billion XRP on Sept. 1, although Ripple has historically returned a large share of the released tokens to escrow. The scheduled release does not mean the full amount will enter the open market at once.

CLARITY Act vote adds a US policy catalyst

The U.S. Senate is expected to hold a procedural vote on the CLARITY Act on Sept. 15. The vote would test whether supporters can secure the 60 votes required to advance the market-structure legislation.

The vote is not final passage, and no signed law is scheduled for Sept. 15. Its outcome could still affect sentiment toward U.S.-traded digital assets because the proposal seeks to clarify federal oversight of crypto markets.

For XRP, the immediate technical range remains more important. Buyers must protect $1.34–$1.35 and reclaim $1.40 to shift short-term momentum. Losing the lower boundary would increase the risk of a deeper correction toward $1.28, while a move above $1.50 would put the August recovery back in control.

Solana price traded near $102.50 on Aug. 31 after retreating from a weekly high of $110.04, but its daily and 4-hour charts show that the broader August breakout remains intact above $100.

Solana price cools after reaching $110

According to data from crypto.news, Solana (SOL) price opened Aug. 25 at $98.56 and rose to an intraday high of $110.04 on Aug. 27, producing an 11.6% advance in less than three days. Its price subsequently pulled back to around $102.50 on Aug. 31, reducing the weekly gain to roughly 4.2%.

The retreat followed a much larger recovery from Solana’s early-August low near $71. From that level to the weekly peak, SOL gained approximately 55%, leaving the token vulnerable to profit-taking as traders approached the end of the month.

Solana’s daily chart shows that the rally pushed the price above the upper Bollinger Band before sellers emerged near $110. The token remained above the indicator’s middle band at $90.36, while the upper and lower bands stood at $114.36 and $66.36, respectively.

A move beyond the upper band often reflects strong momentum, but it can also indicate that price has advanced faster than its recent volatility range. SOL’s return inside the band therefore points to cooling momentum after the breakout rather than confirmation of a broader bearish reversal.

The daily Relative Strength Index supports that reading. RSI reached overbought territory during the rally but had fallen to 68.43 by Aug. 31. Its moving average remained higher at 77.14, showing that momentum was easing after the rapid advance.

The $100 level is Solana’s immediate technical test

Solana’s 4-hour chart places the Supertrend support at $100.95, just below the market price. SOL has remained above the indicator since its breakout from the mid-$70 range, and the Supertrend has continued to signal an upward short-term structure.

The position leaves the $100–$101 area as the first line of defense. A sustained close below that range would weaken the 4-hour setup and could send the price toward $97.50, followed by the previous breakout region between $92 and $95.

Selling pressure has already started to appear in the Chaikin Money Flow indicator. 4-hour CMF stood at minus 0.07, showing that capital flow had shifted slightly negative as SOL retreated from $110.

The reading is not deeply bearish, but it indicates that buyers have yet to regain the strength seen during the breakout. A CMF recovery above zero, combined with SOL holding over $100.95, would provide firmer evidence that the pullback has run its course.

On the upside, initial resistance lies between $104 and $105, where several recent rebounds stalled. Clearing that area would expose $107.50 and the Aug. 27 high at $110.04. A daily close above $110 could then bring the upper Bollinger Band near $114.36 into focus.

Liquidation map puts SOL between two leverage zones

CoinGlass’ 24-hour liquidation heatmap shows Solana trading between concentrated leverage levels on both sides of its price.

The strongest nearby downside cluster appears around $100.50–$101. A drop into that zone could trigger leveraged-long liquidations, potentially accelerating a break below the 4-hour Supertrend support.

Additional liquidity is visible below $100, particularly around $99 and $97.50. Those levels could become relevant if sellers force a decisive loss of the psychological $100 mark.

Above the market, liquidation concentrations appear near $104–$105, followed by larger clusters around $107.50–$108. A rebound through those areas could force short positions to close and add momentum to another attempt at $110.

The heatmap does not predict which side will be reached first. It instead identifies areas where leveraged positions are concentrated, meaning price volatility may increase if SOL moves into either cluster.

Analyst sees a larger Solana breakout forming

Analyst Gerla said on Aug. 31 that Solana had broken a downtrend that had lasted for roughly one year and was beginning to establish a higher-low structure.

“If this reaccumulation holds, I’m watching the $100 area first, then $300+ as the next major expansion zone.”

The chart shared by Gerla treats $100 as the base of a longer-term recovery rather than an immediate upside target. Her projection requires SOL to hold its reclaimed range and continue forming higher highs and higher lows over a much longer period.

The $300 target remains speculative and sits far above the levels shown by the current daily indicators. Before such a scenario becomes relevant, SOL would need to reclaim $110, break the daily upper Bollinger Band near $114, and overcome several resistance zones left by its decline from the 2025 peak.

For the short term, the charts present a narrower decision range. Holding $100.95 would preserve the 4-hour Supertrend signal and keep $105, $107.50, and $110 in play. Losing $100 on strong selling pressure would invalidate the immediate bullish setup and raise the risk of a deeper retracement toward $97.50 or $92–$95.

US traders may also watch demand through US-listed Solana investment products and any progress on federal crypto market-structure legislation. However, the next directional move will likely depend first on whether spot buyers defend $100 as leveraged positions unwind around the monthly close.

In March, someone moved $1 million worth of Bitcoin through a large crypto custodian. Three weeks later, almost exactly the same amount came back. Incredibly, less than two months after that, the Bitcoin was deliberately destroyed.

The wallet had been dormant for almost 12 years before it suddenly sprang back to life. Bitcoin educator Bennet noted it sent 20.00010537 BTC to “a custodian of some kind” before receiving it back again (minus $3 or so).

“The whole balance went out to what looks like an exchange hot wallet, and almost exactly the same amount came back three weeks later. Seven weeks after that, it was burned.”

The mystery BTC transaction is part of a wider enigma surrounding 107 BTC burned in May, worth roughly $8.5 million at the time.

New blockchain analysis shows that five wallets that ultimately destroyed their Bitcoin appear to have been controlled by the same person. It was likely an early Bitcoin holder who had funds on the collapsed Mt. Gox exchange.

But why on earth would anyone deliberately destroy millions of dollars worth of Bitcoin?

The BTC wallets behind the burn

The five addresses that eventually sent their Bitcoin to an unspendable address show “strong indicators of common ownership” according to Chainalysis.

How to destroy Bitcoin. Source: Bennet.org

All five wallets were initially funded on the same day in April 2014, and each subsequently sent almost the same dollar-equivalent amount of BTC to the same deposit address at a large centralized exchange.

Related: Bitcoin faces true demand test above $83K as liquidity thickens: Glassnode

The addresses also seem to have operated on a rotational basis: one would send Bitcoin to the exchange until its activity stopped, then another would take over with transactions of a “similar cadence and value.”

Most of the funds, Chainalysis says, can be traced back to Mt. Gox, “suggesting the owner was an early adopter of Bitcoin.”

That doesn’t necessarily mean the coins were withdrawn directly from Mt. Gox, since the exchange ceased trading in February 2014, and the five wallets were funded in April. Bennet says:

“It’s entirely possible that the owner of these coins was one of the lucky ones who managed to get their coins off the exchange before it collapsed.”

The custodian itself remains unidentified. Chainalysis confirms it’s a large centralized exchange but says it does not publicly disclose the names of services it identifies.

Bennet’s analysis suggests the address behaves like a static customer deposit address at a large custodian.

That’s because the address doesn’t maintain a balance, and the deposits are swept into transactions containing dozens of other inputs before being consolidated into an omnibus wallet.

Once the Bitcoin enters the custodian’s system, the public blockchain can no longer tell us what happened to those coins. And that makes the wallet’s earlier activity even more intriguing.

The $10,400 clue

One of the five addresses sent 19.6 BTC in 60 transactions to the custodian between 2022 and 2024.

The Bitcoin amounts were vastly different, ranging from about 0.15 BTC to 0.62 BTC. But when measured in dollars, the transactions reveal extraordinary similarities.

This address sent 19.6 BTC in 60 transactions to the same custodian. Source: Mempool.space

Despite Bitcoin’s price more than quadrupling during the period, 58 of the 60 transfers were within 10% of approximately $10,400 when they were sent.

So, while the owner wasn’t repeatedly sending the same amount of BTC, they were repeatedly sending almost the same dollar amount. Bennet says:

“This suggests to me a planned liquidation strategy.”

There is no way to prove this theory from the blockchain, since the BTC was mixed with large numbers of other coins once it reached the custodian, and the data doesn’t show whether the Bitcoin was sold, held or transferred elsewhere.

Related: Bitget CEO isn’t buying the Bitcoin rally — She’s waiting for $50K

Interestingly, “while payment size was constant,” Bennet says, “frequency was not — these $10k transfers came in clusters,” which could be more consistent with someone sending fixed-dollar amounts when required rather than following an automated schedule.

The $1 million round trip

While the $10,400 transactions offer a possible explanation for the wallet owner’s earlier relationship with the custodian, they do not help explain the $1 million round trip that happened in March.

After sitting untouched for roughly 12 years, the wallet suddenly moved its entire balance of 20.00010537 BTC and received 20.00006037 BTC back, a difference of just 4,500 satoshis, or around $3.

That weighs against the idea that the owner was simply trading the Bitcoin, since whatever happened inside the custodian, almost exactly the same amount came back.

This address sent 20 BTC and received 20 BTC back. Source: Mempool.space

The returned Bitcoin was also split into three transactions of 7 BTC, 7 BTC and 6.00006037 BTC, sent over three consecutive days.

Bennet says the round numbers are consistent with a daily withdrawal limit imposed by the custodian. Crucially, the Bitcoin didn’t simply end up in another wallet; it returned to the same address that had sent it.

The transaction history also indicates that the same key holder controlled the coins before and after the round trip, Bennet says: spending the Bitcoin in March required the private key, while burning it in May required the same key again.

That makes the sequence particularly difficult to explain as a conventional exchange transaction.

So why did they do it?

There are several possibilities, but none fits all of the evidence. The liquidation theory makes some sense of the earlier transactions, but it doesn’t explain why the owner would send roughly $1 million through the same infrastructure in March and then retrieve virtually all of it.

Perhaps the owner was testing an old wallet or custody arrangement after 12 years of dormancy, moving the coins through a major custodian and successfully getting them back to show that an old key and custody setup still worked. But then, why destroy the Bitcoin afterward?

Tax or compliance reasons could potentially explain why someone moved an old stash through a major custodian, but then, there is no evidence linking the transaction to a particular tax or regulatory event.

There is also a privacy explanation. Sending Bitcoin through a custodian that sweeps deposits into an omnibus wallet makes the subsequent movement of those coins much harder to follow onchain. That’s certainly plausible but still provides no clues as to their ultimate destruction.

Perhaps the Bitcoin burn itself was intended as some kind of statement. Yet beyond a few blockchain sleuths, the action almost went unnoticed.

Burning Bitcoin is irreversible, so whoever controls the private keys chose to send the coins somewhere they can never be spent again, rather than simply leaving them untouched. Bennet says:

“There’s also the possibility that a very wealthy individual without heirs decided to permanently burn their coins (thereby publicly reducing the total bitcoin supply), rather than just destroying their keys.”

For now, even the firms best placed to analyze the blockchain are at a loss. Chainalysis concedes:

“We don’t have a clear explanation for why the owner would move a long-dormant stash through a custodian, retrieve roughly the same amount, and then deliberately burn it.”

While the blockchain can give us an unusually detailed record of what happened, it can’t tell us why. For now, at least, that remains the million-dollar question.

Magazine: El Salvador’s Bitcoin experiment turns 5: ‘It was for us, not them’

XMR RSI, Source: RSI Hunter

XRP has recently seen a significant uptick in market activity, with its 24-hour trading volume reaching approximately $3 billion on Sunday. With a circulating supply of around 62.74 billion tokens and a total supply of roughly 99.98 billion, XRP continues to attract growing investor attention and trading activity.

Alongside the surge in trading volume, institutional demand for XRP is heating up. US spot XRP ETFs have seen consistent inflows recently; the week ending August 30 recorded a cumulative net inflow of approximately $110 million, the highest weekly figure since 2026, further heightening market interest in XRP’s future performance.

Surprisingly, however, despite the simultaneous rise in trading volume and institutional demand, XRP’s price failed to rally as expected, instead pulling back to around $1.36. This “rising demand, falling price” dynamic has prompted many investors to re-evaluate XRP’s current valuation and future trajectory.

For long-term XRP holders, the question of how to generate passive income, beyond simply waiting for price appreciation, has become a key focus.

Consequently, an increasing number of investors are turning to the EX DeFi cloud mining platform, seeking to boost their returns through cloud mining rather than relying solely on price increases for profit.

Why did the XRP price pull back despite surging demand?

Although market demand for XRP remains strong, the price has retreated, indicating that new buying pressure is not yet sufficient to fully offset selling pressure in the spot market.

Analysts suggest that after XRP’s recent rapid rally, some investors opted to take profits while leveraged long positions were liquidated. These factors likely amplified short-term selling pressure, creating a temporary divergence between the continuous inflow of ETF capital and the spot price of XRP.

Therefore, the current pullback in XRP’s price does not necessarily signal a decline in market demand; rather, it likely reflects the interplay of institutional inflows, portfolio rebalancing by “whales,” short-term profit-taking, and leveraged trading activity. Meanwhile, recent XRP long positions totaling approximately $48 million have further heightened market interest; XRP remains a prominent cryptocurrency attracting significant attention within the 2026 digital asset market.

As the price of XRP fluctuates, EX DeFi cloud mining has emerged as an alternative method for generating passive income.

With increasing volatility in XRP prices, more investors are looking for other ways to earn passive income. EX DeFi offers sustainable energy-based cloud mining solutions, providing investors with a way to participate in the digital asset ecosystem without the need for specialized hardware or complex technical expertise.

Compared to traditional mining, cloud mining reduces the burden on users regarding hardware procurement, power supply, equipment maintenance, and daily operations. The platform manages computing power and operations, while users participate in mining and track their earnings through an automated system.

For investors who hold XRP long-term but wish to explore other avenues for generating returns from digital assets, cloud mining offers a participation model that goes beyond simply waiting for the XRP price to rise.

About EX DeFi

Founded in 2021 and headquartered in the UK, EX DeFi operates in compliance with European regulatory frameworks, including the Markets in Crypto-Assets Regulation (MiCA) and the Markets in Financial Instruments Directive II (MiFID II), while continuously enhancing transparency, operational standards, and user protection mechanisms.

Security and compliance measures include:

Annual financial and security audits conducted by PwC;

Custodial digital asset insurance provided by Lloyd’s of London;

Enterprise-grade security solutions powered by Cloudflare and McAfee®;

Implementation of multi-layer encryption architecture, 24/7 monitoring, and real-time risk management mechanisms.

The platform currently supports a wide range of mainstream crypto assets, including XRP, BTC, ETH, USDT, BNB, ADA, USDC, DOGE, LTC, and SOL.

Even beginners can get started with mining.

Step 1: Register an Account

Sign up for a free account on the official EX DeFi platform using your email address. New users receive a $17 trial bonus.

Step 2: Select a Mining Package

Choose a cloud mining contract that suits your budget, participation timeframe, and specific needs, then launch the mining service with a single click. 

Step 3: Start Earning Returns

Once the contract is activated, the system automatically allocates computing power, and earnings are settled automatically. Users can choose to withdraw their earnings or continue participating based on their preferences.

Popular Mining Plans:

BTC (Beginner Trial Contract): Investment $100, Duration: 2 days, Daily Return: $4, Total Profit: $100 + $8

DOGE (Goldshell Mini-Doge Pro): Investment $500, Duration: 6 days, Daily Return: $6.5, Total Profit: $500 + $39

BTC (Canaan-Avalon-A1466): Investment $1,000, Duration: 10 days, Daily Return: $13.4, Total Profit: $1,000 + $134

LTC (Bitmain Antminer L7): Investment $5,000, Duration: 20 days, Daily Return: $73.5, Total Profit: $5,000 + $1,470

BTC (Bitmain S19K-Pro): Investment $10,000, Duration: 30 days, Daily Return: $161, Total Profit: $10,000 + $4,830

Please visit the EX DeFi platform to view more details regarding returns.

Conclusion

While XRP has recently seen a significant increase in trading activity and institutional demand, its price has experienced a pullback. However, given the evolving dynamics of ETF capital flows, “whale” activity, and market sentiment, XRP retains significant value potential for the future.

For long-term XRP investors, beyond monitoring price trends and ETF inflows, there is also the opportunity to participate in digital asset services like EX DeFi cloud mining. Whether you are a novice or an experienced investor, you can leverage XRP to generate stable passive income.

Digital currency represents the future of finance; join the EX DeFi cloud mining platform today and start reaping the rewards of the digital currency era!