XRP is trading near $1.37, up +1.5% on the day, as the market digests a fresh liquidity report that tells a different story than the price chart alone. Fewer traders are moving more XRP than at any point in the past year, and that concentration is now shaping how order-book support at $1.32–$1.38 behaves.
Evernorth’s Q2 2026 XRP Liquidity Report found order-book volume on the XRP Ledger rose 79% year over year to an average of 3.57 million XRP daily, even as the number of accounts placing those trades fell 40%, from 1,864 to 1,111.
Average volume per trader roughly tripled, from 1,072 XRP to 3,217 XRP daily. RLUSD balances on the ledger jumped 642%, reaching $4.26 billion held. Order books now account for 81% of total decentralized exchange volume, up from 54% a year ago.
That kind of concentration usually means one of two things: institutional infrastructure absorbing retail flow, or a market thinning out ahead of a bigger move. The technical analysis below outlines the paths XRP needs to take to make that push toward $1.60 and beyond.
Can the Ripple Price Hold $1.38 and Push Toward $1.60 in September?
The current XRP print of $1.37 sits within a narrow band, coupled with Investing.com’s pivot data, both flag as compressed; the daily range has run between $1.3409 and $1.373, a spread of barely three cents.
That tightness follows XRP’s 71.8% August surge from roughly $0.988 to $1.698, then a near-20% pullback into the current $1.32–$1.38 support shelf, a zone Bittime’s analysis calls the “main support” because it holds the heaviest historical trading volume.
Bull case: a close above $1.60 opens a path toward $1.68–$1.72, then $1.86–$2.00, per Bitrue’s September outlook.
Base case: continued consolidation in the $1.32–$1.38 band while order-book concentration resolves one way or another.
Bear case: a breakdown below $1.32 risks a retrace toward the $1.15–$1.20 macro floor, and ultimately the long-term $0.60–$0.80 zone that has held since 2017.
Traders watching rebound conditions and the higher-low structure will want confirmation before sizing up.
