Coinspeaker
Sep 7, 2026
8 0
Neutral

XRP holds 200-day EMA as XRPL upgrade targets September 11

2 min

Ripple’s XRP trades near $1.4078, down about 1% on the day, as price consolidates below a multi-week supply zone and above a key long-term support. A technical inflection and a pending protocol upgrade on XRPL are the main near-term drivers.

Price levels and structure

  • Spot: $1.4078. Daily volume: about $1.67 billion.
  • Resistance: $1.45–$1.54 supply zone capping rallies since the August move to ~$1.70.
  • Support: 200-day EMA near $1.27. A flattening 200-day EMA slope signals improving trend stability.
  • Scenarios:
    • Bull: Daily close above $1.45–$1.54 targets ~$1.70, then $2 on continuation.
    • Base: Range trade between $1.27 and $1.54 while August gains are absorbed.
    • Bear: Breakdown below $1.27 opens $1.15 near the lower moving average.
  • Correlation: Broader risk sentiment and Bitcoin trends continue to influence XRP’s flows.

XRPL upgrade catalyst

XRPL’s fixCleanup3_3_0 amendment holds validator support above 80%, targeting activation near September 11. If finalized, it adds a protocol-level event alongside the EMA test. Market pricing appears focused on the chart; the upgrade may be an underpriced secondary catalyst.

Chart context

XRPUSDT Chart 1D 200 MA

XRPUSDT Chart 1D 200 MA TradingView

After a rally from ~$0.94–$0.97 to ~$1.70 in August, XRP failed at resistance and pulled back to the 200-day EMA region. Order-book dynamics and the rebound structure around $1.27 are set to determine near-term direction.

Other narratives mentioned

  • Rotation: Some traders are allocating to earlier-stage infrastructure projects seeking higher beta than large-cap legacy assets like XRP.
  • Separate project coverage referenced a Bitcoin Layer 2 concept with SVM integration and a live presale. This carries standard presale risks such as illiquidity and execution risk until mainnet delivery.