XRP Price Prediction: XRP Sets Course to $1.80 Again as Rate Hike Odds Drop

XRP (XRP) has gone up by 5.7% in the past 24 hours, once again positioning as the top-performing asset in the top 5 during this period, after odds of a rate hike in September dropped.

Yesterday, one of the Federal Reserve’s Governors, Cristopher Waller, said that he would prefer to keep rates unchanged during the next meeting of the FOMC Committee as he sees signs of “disinflation” in the United States.

The crypto market reacted promptly with a strong rally that pushed XRP off its recent lows of $1.32 and confirmed a strong bounce off a level we had already identified as a key support to watch for this latest pullback.

XRP ETFs Line Up to Bring Hundreds of Millions in September

Short liquidations spiked as a result of this market-wide recovery. Data from CoinGlass indicates that $480 million worth of short positions have been liquidated in the past 24 hours, $9 million of which belonged to XRP.

This was the highest single-day spike in short liquidations since the late-August rally. This could indicate that late buyers have entered the scene, as they position for the continuation of the current uptrend.

Meanwhile, data from SoSoValue shows that net inflows to XRP-linked exchange-traded funds (ETFs) started the month on a positive tone as well, after closing August at $159 million. During the first three days of September, investors have poured $13 million into these vehicles.

Although it is still early to project how much money could flow to XRP ETFs this month, we believe that Wall Street could pour around $300 million into these vehicles if the uptrend continues — in line with the levels we saw coming in back in September-November 2025 during the latest bull market.

Market sentiment climbed back to 78 after a brief drop, indicating that investors are in full-on “Greed” mode after Bitcoin broke past its 200-day exponential moving average (EMA).

These are the highest levels that this sentiment gauge has reached since December 2024, back when cryptocurrencies were booming.

XRP Eyes $1.80 Target After Strong Bounce Off Key Support

We maintain our $1.80 target for XRP for the time being. As we highlighted in our previous price prediction, a strong bounce off the $1.32 support was the signal we expected that would mark the beginning of the token’s next leg up.

This demand zone had confluence between the 200-day EMA and a former resistance that has now turned into support.

The $1.55 area could be the nearest target for scalpers and day traders, while swing traders could patiently wait for this trade to fully unfold to the target outlined above.

Positive momentum continues to be strong, as the Relative Strength Index (RSI) currently sits at 66. Even though the oscillator dropped below the signal line, we still believe that this is the earliest stage of what seems to be the beginning of a bull market for cryptos.