XRP falls 1.7% to $1.39 as leveraged traders unwind, ETF inflows slow

Leveraged positions unwind, liquidations rise

Coingecko data placed XRP near $1.39 on September 8, down 0.7% for the week and 8.9% for the past two weeks. The token lost momentum following its push toward $1.48 on September 4, repeatedly slipping below $1.40 as traders reduced leveraged positions.

According to CryptoQuant figures, XRP open interest fell by 14% from $558 million to $478 million, while the estimated leverage ratio moved lower from 0.203 to 0.182. Approximately $14.2 million in positions were liquidated across two sessions, including $8.23 million in long liquidations, and the funding rate turned negative after 14 consecutive positive sessions.

XRP’s decline coincided with a broader market pullback, as $179 million in crypto positions were liquidated over 24 hours, including $126 million from long trades, according to Coinglass data.

Bitcoin slipped by 1.06% to about $79,300 after touching $78,680, while Ethereum dropped 0.71% to $2,495. Solana lost 1.91% and XRP fell 1.2% during the same period. Many traders are now focusing on upcoming US inflation data and the Federal Reserve’s September decision as market volatility remains high.

ETF inflows remain positive, but momentum moderates

Demand from US spot XRP exchange-traded funds stayed positive, but the rate of new capital entering these products slowed last week. SoSoValue reported $18.96 million in net ETF inflows from August 31 to September 4, a significant drop from $110.49 million the week before.

Among ETF products, Franklin Templeton’s XRPZ attracted $9.82 million, Canary Capital’s XRPC drew $7.74 million, but Bitwise’s XRP fund experienced $3.32 million in net outflows. Total cumulative net inflows across US spot XRP ETFs reached $1.68 billion, with combined net assets of $1.48 billion.

Profit-taking following XRP’s surge from nearly $1 at the start of August to around $1.70 put additional pressure on prices, as traders locked in gains and the token slipped back toward $1.38.

Key levels and technical signals

XRP’s daily chart shows the token trading around $1.39 following its retreat from early September highs. Despite recent pressure, XRP remains above its 20-day, 50-day, 100-day, and 200-day exponential moving averages, with the 20-day and 200-day EMAs both near $1.35. The 50-day and 100-day EMAs are positioned at $1.26 and $1.24, respectively.

If XRP closes below the $1.35 support cluster, it could open the way to further declines, with additional support expected at $1.33 and $1.28. Holding above $1.35 would leave targets at $1.43 and the $1.48 to $1.50 range within reach.

Momentum indicators have also weakened. The Money Flow Index dropped sharply from above 80 to 27.81, reflecting a steep decline in buying pressure. On the 4-hour chart, the token is near the 50% Fibonacci retracement of its last move, with the key midpoint at $1.38. The 61.8% and 78.6% retracement levels lie at $1.37 and $1.35. A breakdown of these levels could push XRP toward $1.33 and potentially $1.28, while a move above $1.40 would be the first step for buyers to retake control.

The Chaikin Money Flow on the 4-hour timeframe currently stands at -0.12, signaling that volume remains skewed towards periods when XRP closed lower, in line with sustained selling pressure.

Navigating these technical zones and monitoring rapid shifts is now critical for active traders. In a market where a single Fed announcement or an unexpected altcoin listing can swiftly alter price action, switching between multiple apps for charts, news, and portfolio tracking can create missed opportunities. Many traders are opting for privacy-focused platforms such as CryptoAppsy, which offer real-time charts, coin-specific news, macro data, and price s—without the need for an account—all integrated on one screen.