XRP Surges to $1.45 on Dovish Fed Signals as $10 Price Target Regains Attention

XRP has rebounded to $1.45, driven by a sharp 6% rally triggered by Federal Reserve news, mirroring the broader cryptocurrency market‘s movement. This surge reinforces a larger macro-driven relief rally, leading traders to once again whisper about a $10 price target—a figure that seemed like fantasy just weeks ago. The key question remains: what is fueling this move, and how far can it realistically extend before encountering the next major resistance level?

JUST OUT: The U.S. labor market is flashing fresh signs of COOLING, delivering a slightly dovish signal.
Jobless claims: 206K vs 205K expected, up from 203K
ADP payrolls: 38K vs 47K expected
The double miss strengthens the case for a Fed rate cut, potentially boosting stocks… https://t.co/WwaycRrU4p pic.twitter.com/maJ2KhWHTL

— Coin Bureau (@coinbureau) September 3, 2026

The rally is rooted in softening expectations regarding Federal Reserve policy, with risk assets broadly gaining momentum as traders price in a more favorable interest rate trajectory. XRP’s 24-hour trading volume has remained elevated near $4 billion, with a market capitalization sitting around $90.9 billion, firmly re-establishing its position among large-cap major cryptocurrencies.

Probability estimates for rate cuts have been volatile throughout the week, with this uncertainty directly impacting altcoin price action. XRP’s performance in August, which saw a 70% surge from $1 to $1.70, set the stage for this current narrative arc. The subsequent 20% correction into the $1.35–$1.38 zone has now become the critical support level that bulls are defending.

Institutional demand has been quietly accumulating beneath the surface, adding weight to the bullish case beyond mere retail sentiment.

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Can XRP Price Hit $1.60 This Week and Pump Beyond the Fed News?

XRP is currently trading near $1.45, marking a 6% intraday jump, and is holding well above the critical $1.35–$1.38 support band that has absorbed the heaviest historical trading volume. The 200-day Exponential Moving Average (EMA) sits closely behind at $1.33–$1.35, providing bulls with a reasonable cushion should selling pressure return.

Trading volume near $5.5 billion signals genuine market participation rather than a thin, easily reversed pump. The technical setup remains a descending triangle dating back to August’s $1.70 peak. While the price is rebounding off triangle support, it has not yet cleared the descending resistance line.

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If XRP can hold above $1.34, it sets up a retest of $1.55, and a clean break above that level would open the door to the $1.60–$1.90 range. Alternatively, the asset could consolidate between $1.38 and $1.52 while the market digests macroeconomic data.

A key risk to monitor is a slip below $1.30, which could trigger a deeper correction, particularly if upcoming jobs data sparks risk aversion. Speculation surrounding Exchange-Traded Fund (ETF) flows continues to fuel the $10 narrative, though that timeline remains firmly speculative for now.

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Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key Levels

A 6–7% bounce feels positive for existing XRP holders, but there is a caveat. At a $90 billion market capitalization, doubling in value from this point requires an enormous influx of fresh capital—a move that typically takes months, not days.

Traders chasing the $10 dream may eventually reach it, but the mathematics of a large-cap asset moving 7x differ significantly from those of an early-stage token achieving the same growth.

This is where Bitcoin Hyper ($HYPER) enters the picture. Positioned as the first Bitcoin Layer 2 with full Solana Virtual Machine (SVM) integration, it aims to deliver execution speeds faster than Solana itself while settling transactions back to Bitcoin’s base layer.

The presale has raised $33.1 million so far, with tokens priced at $0.0136857 and staking rewards offering a high 60%+ APY for early participants. Standout features include a decentralized canonical bridge for BTC transfers and low-latency Layer 2 processing designed to address Bitcoin’s programmability gap.

Research Bitcoin Hyper before the presale window closes.

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