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Points of Focus
- XRP price fell toward $1.34 on Aug. 31, leaving the token down 7.6% over the past week.
- US spot XRP ETFs attracted $110.49 million last week, their strongest weekly inflow of 2026.
- XRP’s 24-hour trading volume jumped 121.6% to $2.72 billion as price returned to the key $1.34-$1.35 support area.
XRP price fell toward $1.34 on Aug. 31 as selling pressure extended into the final day of the month. The token was trading near $1.37 at the time of writing, down 7.64% over the past week, according to CoinMarketCap. Trading activity accelerated during the decline, with 24-hour volume rising 121.57% to $2.72 billion.
XRP’s market capitalization stood at about $86.05 billion.
The decline brings the token back to the $1.34 support zone identified during last week’s rally. XRP had climbed toward $1.68 earlier in August before giving back part of the advance during the final week of the month.
XRP ETFs post strongest week of 2026
US spot XRP ETFs recorded $110.49 million in net inflows during the week ending Aug. 28, according to SoSoValue.
That was the strongest weekly result of 2026 and almost 2.8 times the $39.78 million recorded a week earlier. Cumulative net inflows reached $1.66 billion, while total net assets rose to $1.44 billion. Weekly trading value across the funds increased to $363.03 million from $271.74 million in the previous week.
The latest ETF flows extend a period of growing institutional demand for XRP. Earlier in August, strong ETF inflows coincided with XRP trading around $1.43 as futures leverage climbed.
The record weekly inflow came as XRP retreated from its August highs.
$1.34-$1.35 returns as key XRP support
XRP has returned to the $1.34-$1.35 area, which held during earlier August pullbacks. The token later climbed above $1.50 and reached about $1.68.
A sustained break below $1.34 would weaken the structure established during the second half of August. Previous technical analysis placed the next major downside area near $1.25. On the upside, $1.42-$1.44 is the first recovery zone to watch. XRP repeatedly traded around that range before the latest leg lower.
The token entered the current pullback after a strong August run supported by ETF demand, renewed trading activity and improving technical momentum. Those conditions had previously produced a bullish setup around XRP’s August highs.
XRP futures open interest stays above $3.2 billion
Derivatives positioning has eased from last week’s highs while remaining elevated.
CoinGlass data shows XRP futures open interest at roughly $3.25 billion, with about $2.28 billion in 24-hour futures volume. Open interest stood near $3.45 billion on Aug. 26, when leveraged positioning had climbed sharply alongside XRP’s rally. The decline since then shows some positions have been removed as price retreated. XRP futures open interest nevertheless remains above $3.2 billion as the token trades around a closely watched support area.
What to watch next
- XRP needs to hold $1.34-$1.35 to avoid a deeper move toward $1.25.
- A recovery above $1.42-$1.44 would improve the short-term setup.
- ETF flows will show whether demand stays strong after the record week.
- Futures open interest remains above $3.2 billion and could add volatility.
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