XRP Price Targets $1.70 as Bitwise ETF Tops $500M

XRP is holding near the $1.37 mark as its recent rebound loses momentum, while a Bitwise XRP exchange-traded fund reportedly crossing $500 million in assets keeps trader attention fixed on whether the token can extend toward a $1.70 price target.

Why XRP is holding near $1.37 as bullish momentum fades

XRP is changing hands close to $1.37, with the move sitting inside a rebound rather than a fresh breakout. The token is defending recovered ground but no longer accelerating higher. For related coverage, see NFT Market Update: Trading Activity and Creator Economy Signals | Evening August 31, 2026.

“Losing momentum” here means the pace of buying has slowed: price is stabilizing rather than pushing up. That kind of flattening often signals indecision, where neither buyers nor sellers hold a decisive edge. The same cooling has surfaced across digital assets in our morning NFT and creator-economy market update. For related coverage, see NFT Market Update: Trading Activity and Creator Economy Signals | Afternoon, August 31, 2026.

The gap between the current price and the $1.70 level frames the setup, leaving defined upside on the table without confirming that the move is already underway.

How Bitwise’s XRP ETF crossing $500M changes the narrative

Alongside the price action, a Bitwise XRP ETF is reported to have surpassed $500 million in assets. Asset growth of that scale is a signal of institutional interest, giving the XRP story a driver beyond short-term chart movement.

ETF traction can support broader sentiment because it reflects sustained allocation rather than fast-money trading. Bitwise has shown appetite for scaling its crypto ETF lineup, with its Solana ETF becoming the first to reach $1 billion in assets, a reference point for how quickly these products can grow.

Still, a growing ETF does not automatically translate into an immediate spot price breakout. Fund inflows and secondary-market price can move on different timelines, so the milestone reads as a narrative catalyst rather than proof of a one-to-one price reaction.

What XRP needs to reclaim momentum and test $1.70

The path to $1.70 is conditional. With XRP near the current level, buyers would need to convert cooling momentum back into sustained follow-through before that target comes into play.

Broader market mood will shape that outcome, and gauges such as the crypto Fear & Greed Index offer a read on whether risk appetite is returning or fading. A stalling rebound leaves the upside case unproven for now, while renewed sentiment could reopen it.

For creators and collectors watching XRP as settlement infrastructure, the ETF milestone matters most if capital keeps flowing in future reporting periods, a dynamic echoed in the overnight creator-economy trading signals tracked elsewhere on the market.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.