XRP Price Prediction: Triangle Support on Thin Ice Amid ETF Outflows

XRP's price prediction for September 4 targets $1.3833 if buyers hold onto the current triangle support, according to recent analysis. To reach this target, XRP must break above the 50-period EMA at $1.3713.

However, a bearish scenario could send XRP toward $1.3087 if it breaks below $1.3293 and loses the trendline apex. This drop would expose the 0.618 retracement level at $1.3087.

The recent ETF outflow of $7.20 million on September 2, which ended an 11-day streak of consecutive inflows, has raised concerns about fund flows in XRP. Nevertheless, CryptoQuant analyst Darkfost notes that the drop in Binance's XRP reserves to levels last seen in February 2024 may indicate long-term accumulation rather than a short-term sell-off.