XRP September 2026: Support Holds, Is Breakout to $2 Open?

XRP Ledger network activity surged 650% in just two weeks, far exceeding the daily average typically recorded for this asset. This unusual spike in XRP network activity occurred precisely when XRP price is being tested at a crucial support level following a sharp rally throughout August. 

The combination of these two signals—explosive on-chain activity and price consolidating at a key demand zone—makes XRP's September 2026 movement worth a closer look, especially for anyone curious whether a breakout to the psychological $2 level is truly within reach.

Key Takeaways:

• XRP surged 71.8% from $0.988 to $1.698 in August, then corrected about 20% and is now being tested at the $1.35–$1.38 support.
• Active addresses on XRP Ledger jumped 650% in two weeks, driven mostly by long-term holders, not new buyers.
• Evernorth heads toward a Nasdaq listing via shareholder vote on September 30, while RLUSD supply hits $2 billion.

71% Rally, Then Sharp Correction: XRP's Current Position

Throughout August 2026, XRP recorded one of its strongest rallies this season. According to crypto analyst Ali, as quoted by U.Today, the token surged 71.8% from $0.988 to $1.698 before eventually correcting about 20%. 

BigGo Finance recorded slightly different numbers: XRP touched $1.76 in the same week before stabilizing around $1.50, with over $31 billion added to market cap in seven days—reasonable given that the two data points were taken at slightly different measurement times.

Momentum began to fade toward the end of the month. 24/7 Wall St. reported that net selling volume on Binance hit a 2026 high of $96 million on August 27, exactly one day before Fed Chair Kevin Warsh delivered his first Jackson Hole speech and reaffirmed that PCE inflation remains at 3.7%. The combination triggered a profit-taking wave that spread across the broader crypto market.

By the end of August, XRP price today was in the range of $1.39–$1.42 according to Bittime data—equivalent to around Rp24,600–Rp25,200 per token at an exchange rate of Rp17,750 per dollar. Despite the pullback from its peak, XRP still recorded a monthly gain of about 31%, its best performance since July 2025 when the asset touched a cycle high of $3.65.

The level now in focus is the $1.35–$1.38 zone. According to the URPD (Realized Price Distribution) indicator analyzed by Ali, about 3.2 billion XRP have changed hands in this price range, making it one of the most significant demand zones on XRP's current chart. As long as that level holds, the chance for XRP to continue its uptrend remains open.

Before we move on to the next resistance levels discussion, make sure you are ready to monitor price movements in real-time.  Register an account on Bittime to start monitoring and trading XRP on an OJK-licensed platform.

XRP Support and Resistance Levels to Watch

If the $1.35–$1.38 support fails, XRP risks dropping toward $1.4342, a threshold that BigGo Finance calls a critical floor to maintain the bullish structure. Breaking below that level could open the way to $1.40 and even a retest of the psychological $1.00–$1.30 area, although this scenario is still considered far from current market conditions.

Conversely, if support holds, XRP still has considerable room to rise. URPD data shows three sequential resistance levels to break: $1.60 (1.99 billion XRP traded here), $1.68 (1.98 billion XRP), and $1.86 (3.47 billion XRP). A breakout above $1.86 could potentially open the path toward $2.19—a level that once hosted 3.12 billion XRP in its trading history.

From a technical indicator perspective, the picture is mixed. The daily RSI was overbought at 76.8 in late August according to BigGo Finance, but has now cooled to neutral territory around 59 based on latest TradingKey data, while the MACD is actually giving a buy signal. 

Of note, a death cross between the 50-day and 200-day moving averages is still forming, indicating that XRP's medium-term trend technically remains bearish despite the strong August rally—the ADX at 44.8 confirms that the move was not just a weak bounce.

In the base scenario mapped out by BigGo Finance, XRP is likely to trade sideways around $1.4342 while waiting for confirmation of a breakout above $1.5507. Only after that level is breached do macro targets like $1.98—the midpoint of the monthly Bollinger Bands—and the $2.40–$3.20 range become realistic to discuss. 

Source: Bittime

Read Also: Between Optimism and Reality: How to Assess XRP Price Projections

On-Chain Signals and Institutional Catalysts Behind XRP's Rally

Beyond price charts, on-chain data holds equally interesting details. Active addresses on XRP Ledger jumped from 47,180 to 356,070 in just two weeks (August 10–24), a 650% surge recorded by Santiment and reported by Finbold. 

What sets this surge apart from typical speculative euphoria: the majority of activity was driven by long-term holders, while new address creation remained relatively stagnant—a signal that existing participants are more active in transacting, rather than a wave of new buyers entering.

Derivatives markets also cooled off healthily. XRP futures open interest plunged from 1.3 billion contracts to below 150 million over the same period, indicating massive deleveraging that could actually provide a more stable foundation for the next price move, rather than a rally propped up by excessive leverage.

On the fundamental side, three developments over the past week have strengthened XRP's institutional narrative. First, CoinDesk and FXStreet reported that the SEC declared Evernorth's S-4 registration effective on August 27, paving the way for a shareholder vote by Armada Acquisition Corp. 

II on September 30. If approved, the combined entity will list on Nasdaq under ticker XRPN as the largest public XRP treasury company, with initial holdings of approximately 473 million XRP and backing from investors such as Ripple, SBI Group, Pantera Capital, Kraken, and GSR.

Read Also: How to Buy XRP on Bittime: A Complete Guide for Beginners

Second, Ripple's RLUSD stablecoin supply surpassed $2.08 billion for the first time since its December 2024 launch, according to BigGo Finance. Interestingly, the network composition has shifted—Ethereum now holds 54% of RLUSD supply, overtaking XRP Ledger which previously dominated.

Third, Ripple announced the launch of the Delta One business unit under its multi-asset prime brokerage platform Ripple Prime on August 27, according to an official Ripple press release. 

This service allows institutional clients such as hedge funds and asset managers to execute total return swaps on US stocks, indices, and digital assets all within one platform with 24/7 cross-margin capabilities. 

Furthermore, spot XRP ETFs in the US have recorded cumulative inflows of $1.59 billion, providing an institutional demand cushion that has helped slow the price correction.

Read Also: 10 Free Bitcoin Mining and Faucet Sites 2026, Which Ones Are Legit?

Conclusion

XRP ended August 2026 with a complex picture: price corrected from its peak, but on-chain structure and institutional catalysts actually strengthened. As long as the $1.35–$1.38 support holds, the opportunity for a breakout toward $1.86 and even $2.19 remains open, especially supported by a 650% surge in network activity and a series of positive news from Evernorth, RLUSD, and Ripple Prime. 

However, the lingering death cross formation serves as a reminder that the medium-term trend has not fully turned bullish, so September 2026 is likely to feature a tight battle between key support and resistance levels at $1.55–$1.60 before XRP's next direction is truly confirmed.

This article is for educational purposes and is not a solicitation or investment recommendation. Crypto asset prices are highly volatile—always conduct your own research before making financial decisions.

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FAQ

What is the XRP price today? 

As of late August 2026, XRP price is in the $1.39–$1.42 range, or approximately Rp24,600–Rp25,200 at an exchange rate of Rp17,750 per dollar. This figure can change quickly given XRP's continued high volatility following the August rally.

What is the most important XRP support level right now? 

The $1.35–$1.38 zone is the main support because it holds the largest historical trading volume according to the URPD indicator. The psychological $1.4342 level is also cited as a critical floor by several analysts.

Does XRP have a chance to break $2 in September 2026? 

That opportunity is open if the $1.35–$1.38 support holds and price breaks through resistance at $1.55–$1.60 and then $1.86. However, the death cross formation on moving averages indicates the medium-term trend still needs further confirmation.

What is Evernorth and how does it relate to XRP price? 

Evernorth is an XRP treasury company backed by Ripple, currently heading toward a Nasdaq listing under ticker XRPN following SEC registration approval. The shareholder vote is scheduled for September 30, 2026, and it is one of the institutional catalysts for XRP.

Why did XRP Ledger network activity surge sharply? 

Active addresses on XRP Ledger rose 650% in two weeks, driven primarily by long-term holders becoming more active in transactions, not a wave of new buyers. This surge is interpreted as a sign of strengthening network participation amidst the price rally.