The price of Ripple (XRP) rose by 3.77% to trade at $1.43, gaining ground despite falling odds for the passage of the CLARITY Act bill in 2026. A Senate vote on the legislation is scheduled for September 15, though Senate warnings indicate the bill may fail if the White House does not approve the ethics text.
On-chain data indicates that the whale-retail spread for XRP has widened as large transactions outpace small-sized trades. CryptoQuant data shows that the Whale-Retail Spread increased from 33% to 45.8%. Additionally, the whale-retail spread on Binance rose from 35.6% on July 28 to 36.3% on September 9, while the 30-day moving average for XRP Whale Flow suggests large holders are purchasing the asset.
ETF Inflows and Derivatives Market Activity
SoSoValue data reported $1.55 million in inflows to XRP ETFs on September 8, making it the only ETF among the top five by net assets to record inflows. These inflows have helped offset retail selling pressure and broader bearish sentiment stemming from rising oil prices linked to the US-Iran conflict.
Derivatives data from CoinGlass shows the XRP funding rate increased from 0.0030% on September 8 to 0.0098%, reflecting rising demand for long positions. Long-to-short accounts stood at 1.02 overall, with higher readings of 2.26 on Binance and 2.3 on OKX.
Technical Indicators and Price Levels
XRP is currently testing resistance at the upper trendline of a falling parallel channel, which aligns with the 61.8% Fibonacci level of $1.43. This movement coincides with a bullish crossover of the 20-day EMA above the 200-day EMA, supporting a longer-term bullish outlook.
The Chaikin Money Flow (CMF) reading of 0.09 indicates that buying pressure currently outweighs selling pressure. If XRP moves past the $1.43 resistance, it could target previous highs from August at $1.699 or extend toward the 161.8% Fibonacci level of $2.13. Conversely, a drop in the CMF reading could result in a price rejection at $1.43, potentially pushing the asset down to test support at $1.35.
