Ripple (XRP) Falls for Second Consecutive Day Despite ETF Inflows…Warning of $1.30 Collapse

▲ XRP, Bear Market/AI Generated Image ©

XRP (Ripple) has fallen for two consecutive days despite inflows into US-listed XRP spot ETFs, testing the $1.32 support level. Geopolitical tensions between the US and Iran have dampened risk asset sentiment, and with the 200-day Exponential Moving Average (EMA) turning into a resistance level, selling pressure has regained dominance.

According to investment media FXStreet on September 2 (local time), XRP surged 72% from $1 to $1.70 in August, then pulled back to $1.32 undergoing correction for profit-taking and securing new liquidity. Renewed geopolitical tensions due to the conflict between the US and Iran have spread selling pressure across the broader cryptocurrency market.

Due to weakening preference for risk assets, the Crypto Fear & Greed Index dropped from 69 to 63 the previous day but remained in the 'Greed' zone. The media analyzed that if investor sentiment further deteriorates, XRP's decline could accelerate, potentially pushing the price below $1.30.

Unlike the price correction, fund inflows into investment products continued. According to SoSoValue, US-listed XRP spot ETFs saw a net inflow of $14 million on September 1, following approximately $6 million the previous day, marking 11 consecutive trading days of net inflows. The cumulative net inflow amounted to $1.68 billion, and net assets averaged $1.44 billion.

Demand from individual investors in the derivatives market also increased slightly. Open Interest (OI) for perpetual futures rose from 2.26 billion XRP the previous day to 2.29 billion XRP. Open interest had previously peaked at 2.78 billion XRP on August 15, the highest since October 2025, coinciding with the price rising to $1.70 on August 22. Thus, whether it continues to increase will be a variable for sustained recovery.

Technically, XRP traded below its 200-day Exponential Moving Average of $1.35 and a downward resistance trend line near $1.40, indicating bearish dominance. The Relative Strength Index (RSI) dropped to around 55, weakening upward momentum, and the Moving Average Convergence Divergence (MACD) also turned into negative territory. For a rebound, XRP needs to break through $1.35 and $1.40 consecutively. If the daily candle closes below $1.22, where the 50-day and 100-day EMAs converge, the decline could accelerate.

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