XRP has pulled back to $1.35 following a rally that took the token from $0.98 to $1.70 over a two-week period, according to AMBCrypto. The retracement comes despite nine consecutive trading days of net inflows into XRP spot ETFs, which totaled just over $150 million since August 18, per SoSoValue data.
ETF Demand and Supply Metrics Remain Supportive
Exchange reserves of XRP have been on a downward trend since March, and the metric recently fell below its July low, pointing to continued accumulation by holders.
The Sharpe Ratio on Binance, a measure of risk-adjusted returns, has climbed to 0.207 — the highest reading since August 2025. The metric had sat near negative 0.3 during the earlier period when XRP was trending toward the $1 level.
Analysts cautioned, however, that improved risk-adjusted returns do not in themselves guarantee a sustained price recovery.
Technical Picture: Breakout Followed by Retraction
On the daily chart, the previously bearish swing structure broke when the July high of $1.18 was surpassed. Crypto analyst Ali Martinez noted that the price also broke out of a descending trendline resistance, but the bullish move subsequently retraced — a pattern he described as common with that type of formation.
At the time of writing, a pullback into the $1.13 to $1.25 range was underway. The $1.30 area was identified as a longer-term support level.
Key Takeaways
- Spot ETF inflows exceeded $150 million across nine trading days starting August 18.
- Exchange reserves fell below their July low, signaling accumulation.
- The Sharpe Ratio improved from approximately -0.3 to 0.207.
- XRP broke above the $1.18 resistance before retracing toward $1.35.
