XRP traded near $1.35 on September 2 after experiencing a 3% decline over 24 hours, testing the critical support zone where approximately 3.2 billion XRP tokens had previously changed hands. According to crypto.news data, the token has now broken below the critical $1.35-$1.38 support zone where approximately 3.2 billion XRP tokens had previously changed hands. The 4-hour chart shows XRP is trading near a 4-hour Supertrend support at $1.341, with the Awesome Oscillator registering a negative reading of -0.0364 and its histogram staying below zero, indicating short-term bearish momentum. The combination leaves XRP at a decision point, with holding $1.31-$1.34 preserving the higher trading range created by the August rally, while a confirmed 4-hour close below this level could weaken the remaining bullish structure. The 7-day performance sits at -7%, representing a sharper drawdown than the daily number, with 24-hour volume near $2.56 billion showing liquidity hasn't dried up, just direction has flipped bearish short-term.
XRP ETFs have achieved a milestone $1.51 billion in cumulative net inflows through mid-August, with the funds stretching their streak to nine straight days of positive flows. Second-quarter 13F filings reveal that investment advisers, not hedge funds or brokerages, are driving the bulk of demand, with Goldman Sachs holding the largest single position at $87.4 million. This institutional composition points to buy-and-hold portfolio allocation rather than short-term trading flow, as the funds have maintained positive flows even as XRP's price action has been comparatively muted. The $1.51 billion cumulative inflows represent a significant escalation from the $1.1 billion reported earlier, with the $746.1 million paper loss across major US spot XRP ETFs failing to deter institutional investors who kept buying with net capital flow positive by $320.8 million. Weekly data showed the complex posting its best week since May, pulling in $39.78 million in net inflows, including an $18.38 million single-session print.
September 2026 opens with XRP under pressure after delivering its best August performance since 2021 with a 28.5% monthly gain, though most of the gains were concentrated in the final two weeks. Three specific events will determine whether August's gains were the start of a sustained recovery or simply a relief rally that September will partially unwind. Event 1: Ripple unlocked 1 billion XRP on September 1 through three separate transactions of 500 million, 400 million, and 100 million XRP respectively, worth approximately $1.38 billion at current prices. However, Ripple typically re-locks the majority of unused XRP back into escrow, so the actual market impact is far less than the headline figure, with approximately 31.28 billion XRP still in Ripple's escrow accounts. Event 2: XRPL 3.3.0 upgrade introduces a confidential transaction feature using zero-knowledge proofs, receiving 82.86% support from validators and entering a two-week activation window with mainnet activation expected as early as September 11, 2026. Event 3: Senate vote on the CLARITY Act on September 15, 2026, which could provide regulatory clarity and influence XRP's classification as a commodity.
The upcoming XRPL 3.3.0 release introduces a confidential transaction feature that uses technologies such as zero-knowledge proofs to hide transaction amounts and balances while maintaining address visibility, primarily aimed at multi-purpose tokens (MPTs) and institutional users. The proposal has received 82.86% support from validators and has entered a two-week activation window, with activation on the mainnet expected as early as September 11, 2026. The new version also addresses vulnerabilities in single-asset vaults, lending protocols, AMMs, and pseudo-accounts, further enhancing the security and stability of XRPL DeFi. This upgrade represents a significant technological advancement that could improve XRP's utility and institutional adoption, though its immediate price impact will depend on market perception of the feature's practical applications.
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