XRP is holding near $1.37 as its recent rebound loses momentum, keeping traders focused on a possible move toward $1.70 while Bitwise’s XRP exchange-traded fund is reported to have topped $500 million.
Why XRP’s $1.70 target remains in focus
XRP is trading near the $1.37 area, a level that has become the reference point for the token’s near-term direction. The rebound that carried it there has slowed, leaving the market without clear follow-through in either direction. For related coverage, see Crypto Market Update: Bullish and Bearish Signals – Morning, September 1, 2026 – Update 2.
Despite that pause, $1.70 is still the upside level cited in the current story around XRP. It sits well above the present price, so reaching it would require a fresh leg higher rather than a continuation of the existing move. For related coverage, see Crypto Market Update: Bullish and Bearish Signals | August 31, 2026.
The framing stays cautious for a reason: with momentum fading, the $1.70 figure reflects where attention is directed, not a level the market has confirmed it can reach. Traders watching XRP’s place in the broader market are treating it as a target, not a forecast.
Bitwise ETF crossing $500M adds to the XRP narrative
The other piece of the story is Bitwise’s XRP-focused exchange-traded fund, which is reported to have topped $500 million. The milestone is being folded into the same narrative as the price target, framing product demand as a source of interest in the token.
Bitwise runs a dedicated XRP product line through its XRP ETF site, and the firm publishes fund updates through its official channels on X. Bitwise has scaled other crypto ETFs quickly, including its Solana staking ETF that reached $1 billion in assets.
The $500 million figure works best read as sentiment support rather than proof that XRP must reach $1.70. A growing ETF signals investor interest, but it does not, on its own, dictate spot price.
XRP holds near $1.37, but the rebound is losing momentum
For now, the setup looks more like a pause than a breakout. XRP is stable around $1.37, yet the strength behind its recent recovery has thinned, which is the balancing factor against the bullish $1.70 case.
The bull case leans on the ETF milestone and the visible upside target. The bear case rests on the fading rebound: without renewed buying, a slowing move can stall or reverse before any higher level comes into play, a dynamic reflected across recent bullish and bearish signal roundups.
That leaves the outlook genuinely two-sided. The available evidence supports interest in XRP and a defined upside level, but not a confirmed path to it, and the near-term direction depends on whether momentum returns from around the $1.37 zone.
Additional source references: source document 1.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
