XRP Hovers Near $1.50 Ahead of Trump Announcement
XRP (XRP)
Editor:
Eugene Serbin
CoinGape.com reports that XRP traded near $1.50 on September 28 as the broader crypto market experienced a 1.31% pullback to $2.85 trillion. Bitcoin and Ethereum also declined, trading near $83,300 and $2,676 respectively, while XRP retreated from its weekly peak of $1.65. President Donald Trump is scheduled to make an announcement from the Oval Office at 2 p.m. Eastern Time on Monday regarding a $15 billion steel mill project in Iowa.
Although the project involves Mesabi Metallics and creates jobs, it has no direct connection to cryptocurrency regulation, though policy speculation may still influence prices. XRP faces an initial technical hurdle at $1.50, with a recovery above $1.53 potentially targeting the $1.58 to $1.60 area. Support is located around $1.47, with a break below that level exposing $1.40.
The five U.S. spot XRP funds attracted $22.65 million on September 25, with Bitwise leading inflows at $18.39 million. Despite these inflows, all five funds saw their shares fall by between 4.12% and 5.22% on that day. Combined net inflows since launch have reached $1.79 billion, with Bitwise alone attracting $677.29 million. The token’s immediate direction appears tied to market weakness and its own technical levels rather than the presidential event.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 28 September 2026. Not the outlet's figures.
XRP is currently trading at $1.52, with the 1-hour buy ratio at 63.8% and the 4-hour ratio at 50.3%, indicating short-term buying pressure is stronger than the 24-hour average of 46.0%. The 1-hour volume delta is positive at +$2,827,863, while the 4-hour delta is +$591,180, contrasting with a negative 24-hour delta of -$13,991,073. This suggests that recent trading activity has seen more buyers than sellers in the immediate term, even though the full day has seen net selling. The cumulative volume delta for the 24-hour period closed at +$5,299,914, showing that buying pressure has outweighed selling pressure over the full day despite the negative delta figure. Trading volume for the period was $173,509,014 across 742,428 trades.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.7%, making today’s 1-hour reading of 63.8% an unusually high level of buying activity compared to the weekly norm. Volume relative to the weekly average was 0.46x, indicating that trading activity was less than half of what is typical for this period. The coin experienced a price change of +7.5% over eight days, with a total volume delta of +$5,195,911 for that period. This week saw net buying on only 3 of the 7 days, suggesting that the current short-term buying surge is distinct from the broader weekly trend.