XRP (XRP) Jumps 6% to $1.45 as Cooling US Jobs Data Bolsters Fed Rate-Cut Bets

Whales Add 380 Million XRP

XRP's role as a cross-border settlement asset has been in focus as the token climbed more than 6% over the past 24 hours, changing hands near $1.45 at press time and reversing most of a late-August pullback that had dragged it back to the $1.36–$1.37 zone. The August rebound itself was sharp — XRP briefly approached $1.70 before profit-taking set in — and the retreat tracked broader market volatility rather than any token-specific shock. Beneath the price swing, accumulation has quietly continued. On-chain data shows wallets holding between 1 million and 10 million XRP added roughly 380 million tokens during the recent stretch, a signature of large holders using weakness to build positions instead of distributing into strength. Institutional channels tell the same story: cumulative net inflows into spot XRP ETFs reached approximately $1.57 billion as of late August, a capital base that marks the shift from purely retail-driven trading toward regulated, portfolio-based ownership. A recent holder survey underlines how early the cycle may still be — 67% of respondents said they hold no cryptocurrency at all, yet 60% expect prices to keep rising through the end of 2026 and plan to build positions over the coming year, a belief-action gap that leaves substantial demand on the sidelines. Regulation is the next scheduled catalyst. The US Senate votes on cloture for the CLARITY Act on September 15, a procedural milestone our Ripple CEO crypto-capital coverage examined in detail, and traders are treating it as a live sentiment driver. The variables that matter into mid-September are ETF fund flows, whale holdings and the pace of US rulemaking; together they will decide whether the token retests its August high or consolidates first. For readers tracking the broader narrative, our XRP coverage hub aggregates the full picture.

Fed Dovish Turn Fuels the Move

The spark for this session's advance was macro, not crypto-native. Fresh US labor-market data landed soft on both fronts: weekly jobless claims printed 206K against the 205K consensus, up from 203K the prior week, while ADP private payrolls expanded just 38K versus the 47K economists expected — a double miss flagged in a labor-market data post on X that strengthened the case for a Federal Reserve rate cut. Risk assets caught a broad bid on the repricing, and XRP was among the strongest majors on the session. Rate-cut odds have swung all week, and that volatility is spilling directly into altcoin market price action. Participation looks genuine rather than a thin pump: 24-hour volume held near $4 billion, and a market capitalization around $91 billion keeps XRP firmly among large-cap leaders. The chart, however, still shows unfinished business. Price is rebounding off the lower boundary of a descending triangle that dates back to August's $1.70 peak, and the $1.35–$1.38 support band — the zone that absorbed the heaviest historical volume — has so far held, with the 200-day EMA providing a further cushion at $1.33–$1.35. The roadmap traders are watching is straightforward: holding above $1.34 sets up a retest of $1.55, and a clean break opens the $1.60–$1.90 range. A slip below $1.30, by contrast, would risk a deeper correction, particularly if upcoming jobs data re-ignites risk aversion. ETF-flow speculation continues to revive far loftier targets among bulls, though that timeline stays firmly speculative. Newcomers building a position into the volatility can consult our guide to the Best Crypto Exchanges for venue selection and custody basics, and the same macro-liquidity cycle that lifted spot demand historically feeds through to DeFi activity as risk appetite broadens. Readers tracking the market in real time can follow live spot and futures prices on Binance.

a labor-market data post on Xhttps://x.com/coinbureau/status/2095490964576219630?ref_src=twsrc%5Etfw

COINOTAG Composite: $1.40 Shelf at 92/100

Two fresh developments add to the bullish backdrop. On-chain venue data shows XRP spot trading volume across major exchanges hit its highest level since February in August, with roughly $7.28 billion changing hands on Binance, followed by Upbit at about $4.68 billion and Bithumb at $2.59 billion, per CryptoQuant-derived figures — breadth that signals deepening liquidity as more participants enter the market. Separately, staff at the Bank for International Settlements published a paper on September 2 describing a proof-of-concept data-verification framework built on the XRP Ledger, citing its very low fees, near-instant processing and mature developer tooling; the prototype batched hashes of official economic statistics into the ledger's Memo field, with test publishing times of 3–5 seconds and 1–2 second verification. The BIS stressed the choice is conceptual only, not a production commitment, though it marks a notable institutional validation of the ledger's infrastructure.

As XRP's advance carried the token back toward the $1.50 mark, the BIS working-paper angle gained further texture. Beyond the headline proof-of-concept, the study specifies the framework's intended use case: verifying the integrity of official statistics such as GDP, inflation and interest-rate readings, letting any user confirm whether a data file matches the original publication or has been altered after the fact. Notably, the economic data itself is never written on-chain — only a cryptographic hash of the dataset is anchored to the ledger — keeping sensitive figures off a public network while preserving tamper-evidence. BIS researchers highlighted the ledger's minimal transaction costs, rapid throughput and mature development environment as the reasons it was selected from among competing chains, and framed the experiment as evidence the network can serve integrity-verification roles beyond its payments foundation, even without a production commitment.

A fresh reading of whale behavior adds a tactical layer ahead of the Sept. 15 vote: per CryptoQuant-derived on-chain data, the 1–10 million XRP wallet cohort accumulated 642 million tokens during the run from $1.00 to $1.70, and analysts now flag $1.25 as the cycle's key pivot — where the weekly middle Bollinger Band intersects the 0.5 Fibonacci retracement of that impulse — for a potential second accumulation stage. Supporting that dip-buying scenario, Binance reserves spiked to 2.6245 billion XRP near the recent local peak, signaling retail profit-taking around $1.45, even as the year-long trend shows reserves falling from 3.1 billion to 2.6 billion tokens, a steady drain of freely tradable supply that leaves large holders positioned to complete their build at a discount before lawmakers decide.

New Q2 data from the XRP Ledger adds a structural layer to the accumulation picture: order-book trading averaged 3.57 million XRP per day, up 79% from a year earlier, even as the number of accounts initiating trades fell roughly 41% to about 1,100 daily — pushing average daily volume per account to roughly 3,200 XRP versus about 1,070 a year ago. The concentration coincided with a surge in value held on the network: tokenized assets averaged $3.72 billion in the quarter, more than double the first quarter, and average RLUSD balances climbed to $539 million from $73 million a year earlier, lifting total on-ledger value to approximately $4.26 billion from just $99 million six quarters prior. Daily active accounts declined about 24% to 16,600, but institutional infrastructure kept expanding — spot XRP ETFs took in $273 million across the quarter with net inflows in all three months — suggesting activity is consolidating into fewer, larger participants rather than retreating.

(as of 14:36 UTC) COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.4149 resistance at 85/100 — driven by the confluence of an LVN, a Fibo 0.382, a Pivot Point and a MACD Cross — while the $1.5204 level scores 85/100 (Fibo 0.236, HVN, POC, ATR Upper) and the $1.3672 support carries 71/100 from an LVN, VWAP, Fibo 0.500 and Ichimoku Kijun confluence. Spot at $1.4172 (+0.98%) sits marginally above that nearer resistance, with a deeper floor at $1.0970 (71/100 from a Flip R→S, Fibo 0.886, Ichimoku Senkou A and Ichimoku Cloud Bottom confluence) and intermediate supports at $1.1581 (59/100) and $1.3098 (49/100), while RSI at 61.31 and a bearish MACD signal against a sideways trend warn of near-term churn. Crypto exchange derivatives aggregate a -0.0005% funding rate, $977.8 million open interest and a 2.69 long/short account ratio (72.9% long) — a crowded-long tilt against a Greed reading of 73/100. Bullish case: hold $1.4149 as support on retest to extend toward $1.5204. Invalidation: a daily close back below $1.4149 risks a rotation to $1.3672, with a break there opening $1.3098 (49/100).