Ripple Metrics Booming but XRP Price Still Stuck Under $1.40: What’s Next?

XRP is trading near $1.37, up +1.5% on the day, according to CoinGecko data, as the market digests a fresh liquidity report that tells a different story than the price chart alone. Fewer traders are moving more XRP than at any point in the past year, and that concentration is now shaping how order-book support at $1.32–$1.38 behaves. Evernorth’s Q2 2026 XRP Liquidity Report found order-book volume on the XRP Ledger rose 79% year over year to an average of 3.57 million XRP daily, even as the number of accounts placing those trades fell 40%, from 1,864 to 1,111. Average volume per trader roughly tripled, from 1,072 XRP to 3,217 XRP daily. RLUSD balances on the ledger jumped 642%, reaching $4.26 billion held. Order books now account for 81% of total decentralized exchange volume, up from 54% a year ago. That kind of concentration usually means one of two things: institutional infrastructure absorbing retail flow, or a market thinning out ahead of a bigger move. The technical analysis below outlines the paths XRP needs to take to make that push toward $1.60 and beyond. Can the Ripple Price Hold $1.38 and Push Toward $1.60 in September? ripple:native Update: After the strong breakout an...