XRP has rebounded to trade above a key support level at $1.40 after a recent correction that drove the asset down from $1.70 to under $1.35 in mid-August.
The recovery has coincided with a significant surge in trading activity. Spot trading volume across major exchanges reached its highest level since February in late August, with Binance handling $7.3 billion in XRP trades, followed by South Korea's Upbit with $4.7 billion and Bithumb with $2.6 billion.
Technical Resistance Ahead
Analysts have outlined a path forward contingent on breaking through several resistance barriers. The first major resistance level sits at $1.50, followed by $1.60. Only a decisive daily close above both levels would open the door to targeting the psychological $2.00 level. If momentum stalls, XRP could retreat to support in the $1.25-$1.30 range, which has been tested recently.
Positive Demand Indicators
Several factors suggest continued buyer interest despite the $1.70 rejection. Spot ETF products registered their best week at the end of August, attracting over $110 million in inflows. Cumulative net inflows have reached an all-time high of $1.66 billion, though recent weekly inflows have cooled. The funds have maintained positive closes for the past two months.
Large XRP holders have also been engaged in substantial accumulation activity recently, indicating ongoing demand at current price levels.
