XRP futures trading volume hit a 6-month high at the end of summer, driven by aggressive accumulation from large players on Binance. US spot XRP ETFs recorded net inflows of $18.96 million, pushing combined assets under management of these funds to $1.48 billion. XRP price reached a peak of $1.65 in August before stabilizing in a consolidation range of $1.34 to $1.48 around $1.40 by early September. The key moving average at $1.2739 is now acting as solid support, with sellers failing to push the price below it. Breaking the local resistance at $1.50 could enable a rapid retest of August highs ahead of the crucial US Senate vote on September 15.
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