In this video we provide an updated Elliott Wave analysis for XRP to determine the potential trajectory of its current counter trend move. We break down the key support and resistance levels that are essential for navigating this volatile price action and explain how to identify a meaningful structure for the next leg higher. Video by More Crypto Online.
W examine the current wave count and discuss the significance of the $1.04 to $1.11 support zone in maintaining the upward momentum. Viewers will learn how to approach short term rallies within a larger downtrend and why waiting for corrective pullbacks is critical when trading counter trend movements.
Throughout the analysis, we highlight critical Fibonacci resistance zones between $1.25 and $1.42 and discuss the conditions required for a potential C wave to the upside. Whether you are tracking XRP for short term trades or longer term market structure, this outlook provides a step by step guide on how to read the market as it develops.
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As of September 5, 2026, XRP is trading at approximately $1.40, maintaining its positions near recent support levels after a volatile multi-week stretch. While the asset briefly surged to highs of nearly $1.70 in August, a leverage-driven market pullback has led to steady consolidation around the $1.40 to $1.45 range.
XRP Insights Today
-The September 15 CLARITY Act VoteThe biggest imminent catalyst driving investor sentiment is the upcoming Senate cloture vote on the CLARITY Act, scheduled for September 15, 2026. Market participants note that a successful passage could establish definitive regulatory clarity, potentially paving the way for XRP to push past $1.70 and target $2.00 by late autumn. Conversely, a legislative delay could trap the price inside its current macro-range.
-Record ETF InflowsUnderlying demand remains strongly anchored by institutional vehicles. U.S. spot XRP ETFs recently marked 11 consecutive sessions of positive momentum, bringing total cumulative inflows past the $1.68 billion milestone.
-SEC Clearing MomentumThe shadow of historical litigation continues to fade. Following the structural finality of the Ripple vs. SEC settlement (leaving the baseline $125M institutional fine intact but clarifying its non-security status for public trading), a fresh Nasdaq exchange order from the SEC explicitly cleared XRP alongside Solana for updated listings, cementing its institutional viability.
-The BlackRock ConnectionSpeculation is also swirling following recent commentary from Ripple CEO Brad Garlinghouse regarding expanding global payment infrastructures and future exploration alongside financial giants like BlackRock. While concrete spot filings from the fund manager remain unconfirmed, community enthusiasm regarding institutional tokenization pipelines on the XRP Ledger continues to shield the asset from deeper market selloffs.
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