XRP Awaits Breakthrough Above Resistance

XRP has been hovering around $1.40 for three days after failing to break below $1.70, and now it's facing a crucial test.

The first level of resistance is $1.4575, the 0.382 Fibonacci retracement, and a sustained daily close above this level would be a sign that buyers are gaining control.

The recent XRP fund flows remain positive, but the pace has slowed down compared to previous weeks, with $18.96 million recorded for September 4, which is lower than the preceding week's record inflow of $110.49 million.

The U.S. inflation data could have a significant impact on crypto markets, and if XRP remains below $1.4575 into the Fed's meeting on September 15-16, a sharp shift in rate expectations could determine whether the current range resolves higher or lower.