XRP price targets $1.70 as Bitwise ETF tops $500M

XRP traded near $1.37 on Sept. 1 after retreating from its August peak near $1.70, leaving traders divided over whether its recent breakout remains intact. Summary XRP traded near $1.37 after losing 8.2% weekly while remaining up 25.9% monthly overall. Bitwise XRP ETF held 365.35 million tokens worth $507.23 million as of August 30, official data showed. Analyst Ali Martinez placed XRP’s next target at $1.70 after calling resistance cleared this week. Daily RSI remained positive near 60.6, while MACD showed weakening short-term bullish momentum currently overall. XRP must hold support near $1.30–$1.35 and reclaim $1.50–$1.60 to strengthen its rebound case further. The token fell approximately 0.6% over 24 hours and 8.2% during the preceding seven days, according to crypto.news data. XRP remained up 25.9% over 30 days following its recovery from the $1 area. Analyst Ali Martinez said XRP had “cleared resistance” and described the breakout as confirmed. He placed the next target at $1.70, although price had already moved back below the breakout area by the time of reporting. XRP price tests support after its August rally XRP’s daily chart shows a strong recovery from its August low f...