Key HighlightsXRP has surged more than 3% over the last 24 hours, currently trading around $1.40 following consolidation after its August surgeA decisive move above $1.50 could propel XRP toward $1.80, with the complete technical target reaching $2.10Spot XRP ETFs attracted $18.96 million during the week that closed September 4, marking a decline from the previous week’s $110.49 millionMarket sentiment shows a Crypto Fear and Greed Index reading of 73, indicating strong “Greed” levelsCritical upcoming events include the Federal Reserve’s rate announcement on September 16 and a CLARITY Act procedural vote on September 15XRP has posted gains exceeding 3% during the previous 24-hour period, hovering near the $1.40 mark following a robust August advance that encountered resistance beneath $1.50. On September 7, the digital asset reached an intraday peak of $1.43 and touched a low of $1.38, maintaining a market capitalization of approximately $89.26 billion alongside daily trading volume approaching $1.46 billion.XRP PriceTrading activity has experienced a significant decline since September 4, when XRP registered more than $4.17 billion in volume. This reduction indicates that the present consolidation phase is occurring with diminished market engagement.The token successfully escaped from a near-term descending channel during early September. While this breakout remains valid, price action has not demonstrated substantial upward momentum since that time.The 20-day simple moving average is positioned at $1.3954, marginally beneath current price levels. Extended timeframe averages sit considerably lower — the 50-day at $1.19, the 100-day at $1.15, and the 200-day at $1.27.XRP ETF Flows Remain Positive Despite DecelerationUnited States spot XRP exchange-traded funds attracted $18.96 million in net inflows during the week concluded September 4 — marking the eighth consecutive week of positive capital flows. This represents a considerable decrease compared to the preceding week’s $110.49 million.Total cumulative net inflows have climbed to roughly $1.66 billion, while aggregate net assets stand at approximately $1.44 billion.Technical Flag Formation Suggests Upside PotentialA bullish flag configuration has emerged on XRP’s daily timeframe chart. This pattern becomes active should price close decisively above $1.50 accompanied by substantial volume.$XRP BULL FLAG UPDATE The breakout is in. The backtest is holding.If support near $1.38 remains intact, the next technical target sits at $1.8815.The structure is bullish, now confirmation matters. @DefendDark pic.twitter.com/g4wiJaFV2F— XRP Update (@XrpUdate) September 8, 2026Should the breakout materialize, initial resistance appears at $1.80, while the complete measured move projects toward $2.10 — representing roughly 48% upside from present levels.Market analyst Celal Kucuker shared a more ambitious forecast via X, establishing price objectives of $2.30, $3.30, $4.90, $7.50, and $11.60 for XRP during this bull cycle, advising followers to “save this chart, print it out, and hang it on your wall.”$XRP will be the star of this bull run. Targets $2.30 → $3.30 → $4.90 → $7.50 → $11.60Forget the noise. Save this chart, print it out, and hang it on your wall. This will probably play out. pic.twitter.com/eqNbYDQv26— Celal Kucuker (@CelalKucuker) September 8, 2026Should price fail to penetrate $1.50 resistance, the consolidation phase may continue and gradually diminish the pattern’s validity.Two significant developments are scheduled for mid-September. The Senate will conduct a procedural vote regarding the CLARITY Act on September 15. Following that, the Federal Reserve will deliver its interest rate determination on September 16.A dovish pivot from the Federal Reserve could enhance risk-on sentiment and provide tailwinds for XRP. Conversely, a more restrictive policy stance might pressure prices lower.Open interest in XRP futures contracts declined 15.5% during the period spanning August 17 through August 31, despite price appreciation. The CME’s proportion of open interest expanded from 10% to 17%, indicating growing participation from institutional and regulated market participants.Network activity on the XRP Ledger, measured by active addresses, experienced a spike during late August before retreating. The 7-day moving average of active addresses has crossed above the 30-day average — historically, this crossover has preceded heightened volatility in either direction.For the bullish technical configuration to remain viable through the latter portion of September, XRP must defend the $1.35 support level and successfully breach $1.50 resistance.The post XRP Price Eyes $2.10 Target as Bullish Flag Forms Amid Eight-Week ETF Streak appeared first on Blockonomi.