XRP Price: Record ETF Inflows Can’t Stop the Slide - Watch These Levels

TLDR

• XRP traded near $1.37 on September 1, slipping 1.38% as rising Treasury yields weighed on risk assets
• US spot XRP ETFs recorded their highest weekly inflow of 2026 at $110.49 million for the week ending August 28
• The 10-year Treasury yield approached 4.80%, pulling capital away from crypto assets
• A close below $1.34 could expose XRP to a drop toward $1.30, with $1.20 possible if selling continues
• Elliott Wave analysis projects a potential Wave 3 target of $2.90–$3.10, but only after a corrective phase

XRP slipped 1.38% to $1.3592 on September 1, pulling back from August’s recovery as rising US Treasury yields pushed investors away from riskier assets.

The token had briefly touched $1.69 during August before cooling off. It has since been trading in a tight range between $1.35 and $1.40.

Despite the price dip, demand through US spot XRP ETFs remained strong. The week ending August 28 saw net inflows of $110.49 million — the highest weekly figure of 2026 so far.

On August 31 alone, daily inflows came in at $5.64 million. Canary’s XRPC led with $4.71 million, and Bitwise added around $930,000.

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