XRP Holds Key Support as Institutional Demand Remains Strong

XRP cooled off after a hot month, pulling back from $1.48 to around $1.36 as sellers stepped in near the $1.50 mark.

The token held above its 4-hour Supertrend support at $1.341, but the Awesome Oscillator printed a negative reading of -0.0364, indicating short-term bearish momentum hasn't fully cleared.

U.S. spot XRP ETFs pulled in $110.49 million in positive net flows for the week ending Aug. 28, marking their best weekly performance throughout 2026, according to SoSoValue data.

CoinGlass liquidation data shows major concentrations near $1.35, $1.38, and between $1.44 and $1.50, which could influence price volatility.