XRP is trading near $1.37, up +1.5% on the day, according to CoinGecko data, 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.
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After the strong breakout and massive move higher, XRP is now cooling off and consolidating around the lower $1.30 area, which is acting as an important support zone.
The RSI was heavily overbought after the rally, and this pullback looks like a healthy… pic.twitter.com/VIotbtdJj9— Cryptorphic (@Cryptorphic1) September 3, 2026
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.
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Anyone holding XRP through the August run is sitting on real gains, and the 79% jump in order-book volume validates that the asset’s core utility, cross-border liquidity, is still working.
But at a market cap already in the tens of billions, a move from $1.36 to $2.00 is a 47% gain, not a multiple. That math is pushing some traders toward earlier-stage infrastructure plays where the ceiling hasn’t yet been priced in.
LiquidChain ($LIQUID), a Layer 3 project, is pitching itself as the connective layer XRP’s own liquidity fragmentation problem hints at, fusing Bitcoin, Ethereum, and Solana liquidity into one execution environment.
Current presale price sits at $0.014951, with $960,022.61 raised so far, an impressive feat for a community-focused crypto ICO.
The pitch centers on Single-Step Execution and a Deploy-Once Architecture, letting developers build once and reach all three ecosystems rather than fragmenting liquidity across chains.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing “information gain” that cuts through market hype to find real-world blockchain utility.
