XRP Eyes $2 as Bitwise ETF Surpasses $500 Million

XRP is consolidating in the same zone it has occupied since retreating from its August peak of $1.70. The token has declined 8.2% over the past week but remains up nearly 26% on a 30-day basis, demonstrating that short-term pullbacks do not necessarily erase medium-term market structure.

Bitwise’s spot XRP ETF has surpassed $507 million in assets under management, holding 364.8 million XRP as of late August. Inflows into XRP ETFs in August more than doubled July’s total. Analyst Ali Martinez described XRP’s breakout as “confirmed” with a $1.70 target, a call that proved premature as the price slipped back below that resistance band within days.

14 years in, and the ripple:native community continues to be unstoppable.
The Bitwise XRP ETF (XRP) crossed $500,000,000 in AUM—just 9 months after launch.
Grateful for the chance to expand mainstream access to XRP and steward investors’ exposure to the opportunities in this… pic.twitter.com/sgeMDiY5ce

— Bitwise (@Bitwise) August 31, 2026

The current dynamic is clear: institutional demand via ETF wrappers is accelerating even as the spot price cools. This divergence creates a setup that could resolve into a squeeze or a fakeout, with technical indicators suggesting which scenario is currently favored.

Can XRP Price Hit $2 This Week?

XRP’s daily RSI sits near 60.6, above the 50 midline, indicating that momentum has not turned bearish, though it has cooled significantly from the overbought levels seen during the August rally. Price is consolidating in the $1.36–$1.38 band, a zone that previously acted as resistance and now needs to hold as support.

Immediate support lies between $1.30 and $1.35. A daily close below this range would break the sequence of higher lows established in August and open the door to $1.27. The first resistance zone is $1.50–$1.60; XRP needs to reclaim and hold this area before another test of $1.70 becomes credible.

• Bull case: ETF inflows continue, support holds at $1.35, XRP reclaims $1.60 and pushes toward $1.70–$2.00.
• Base case: Range-bound trading between $1.30 and $1.50 while the market digests the September 1 escrow unlock.
• Bear case: A close below $1.30 invalidates the higher-low structure, exposing $1.27 and reviving the longer downtrend from $3.

Traders seeking confirmation before $2 becomes more than a headline figure should monitor the $1.35 level closely. See further breakdown in this XRP price prediction analysis.

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Bitcoin Hyper Targets Early Mover Upside

XRP holders riding the ETF narrative have already captured most of the easy upside from the move from $1.00 to $1.70. At current levels, a rally back to $2 offers a maximum gain of around 45% from the $1.38 price point. This is solid, but not the kind of asymmetric setup that early-stage capital typically chases.

These factors are driving a segment of traders toward presale infrastructure plays where the upside ceiling has not yet been priced in. Enter Bitcoin Hyper ($HYPER), a Bitcoin Layer 2 integrating the Solana Virtual Machine (SVM). It is the first project with SVM execution speeds faster than Solana itself, layered directly onto Bitcoin’s security base.

The presale has raised $33 million at a current token price of $0.0136855, with staking rewards offered at a high 65% APY. Core features include a decentralized canonical bridge for BTC transfers and low-latency smart contract execution, addressing Bitcoin’s long-standing programmability gap.

Research Bitcoin Hyper through the official presale page before deciding.

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