XRP Could Target $2 After $1.40 Breakout as ETFs Defy Bitcoin Outflows

XRP is holding near $1.36 after a volatile week, but the more important story is developing away from the spot market.

U.S.-listed XRP ETFs attracted $18.98 million across Sept. 8–10, while Bitcoin funds moved in the opposite direction with approximately $449.45 million of net outflows over the same three sessions. Ethereum ETFs also lost $29.76 million on Sept. 10, leaving XRP as the major crypto ETF category still attracting capital during the selloff.

The divergence is arriving as XRP approaches a technical level that could decide whether the August recovery continues.

XRP trades around $1.36, up roughly 1% over 24 hours after falling as low as $1.32 on Friday.

$1.40 Is the First Hurdle Toward $2

FXStreet identifies the 200-day EMA near $1.36 as XRP’s immediate support, while $1.40 remains the first resistance bulls need to reclaim.

Above that level, the next technical hurdle sits near $1.58. A sustained move beyond $1.58 would strengthen the recovery setup, while the broader chart places $1.70 as the next major resistance before a potential move above $2.00.

That $2 target is not immediate. XRP would first need to recover roughly 29% to revisit $1.75 territory and then clear the resistance that capped its August rally.

The downside remains equally important. A failure to hold the current $1.36 area could expose the 50-day EMA around $1.27 and the 100-day EMA near $1.24.

XRP ETFs Keep Attracting Capital

The technical setup is being supported by unusually persistent ETF demand.

XRP funds took in $1.55 million on Sept. 8, $12.29 million on Sept. 9 and $5.14 million on Sept. 10, putting them on course for a ninth consecutive positive week before Friday’s final flow data.

That continues a pattern already visible in recent XRP ETF flows, when XRP funds were the only major crypto ETF category to post inflows as Bitcoin, Ethereum and Solana products all lost money.

The divergence has lasted longer than a single session. XRP ETFs previously posted their best week of 2026, attracting $110.49 million during the week ending Aug. 28.

Whales Are Also Adding

The ETF trend is not the only accumulation signal.

Addresses holding between 100,000 and 1 million XRP recently increased their share of supply to about 9.4%, despite the token falling below $1.40.

That creates an unusual setup: XRP remains about 20% below its recent highs, yet institutional products and some larger wallets continue adding exposure.

For bulls, however, flows alone are not enough. XRP still needs to convert that demand into price strength.

A decisive recovery above $1.40, followed by a break of $1.58 and $1.70, would make the $2 target considerably more credible. Until then, the institutional divergence is bullish evidence, but not yet a confirmed breakout.