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XRP XRP is currently trading close to $1.29 after rising from $1.00 to about $1.34. After two days of strong rebound, XRP prices rose from about $1.00 to about $1.29 currently. Market data showed that the increase exceeded 17% in the most recent trading day, and XRP once hit about $1.34. Analysts are currently focusing on declining wedge breakouts, bullish RSI divergences and expanding activity on XRP Ledger. Analysts pointed to the next resistance range at $1.58 to $1.60. XRPL has settled more than 2.2 million proxy transactions.
XRP price breaks through, US$1.60 resistance becomes focus
Cryptocurrency analyst Captain Faibik said that XRP broke through the downward wedge after a long period of consolidation. He predicts that if buyers maintain the breakthrough, it could trigger a 180% rise. This number represents analyst forecasts and is not a confirmed market result.
Source: XEGRAG Crypto linked a price rise to US$1.40 from around US$1.00 to a bullish RSI divergence. His chart puts short-term resistance between $1.58 and $1.60. XRP prices need to exceed $1.96 to strengthen its broader third-wave structure. He pointed to $3.00 to $3.60 as the next major breakthrough range.
#XRP-Bullish divergence is unfolding:
A few days ago, the chart showed the following pattern:
Prices continued to fall
RSI reached a higher low
Seller momentum was weakening
That was an early signal.
Now
#XRP has responded from the divergence area and...
- EGRAG CRYSTPTO (@ gragcrypto) August 21, 2026
This divergence forms when prices fall and the RSI hits higher lows. This pattern suggests that seller momentum has weakened before buyers push the token higher. XRP still needs to hold the breakthrough area to maintain the effectiveness of the descending wedge structure.
XRPL proxy transactions provide network-level background for XRP prices
The XRP Ledger Foundation stated that more than 2.2 million proxy transactions have been settled on XRPL. t54.ai's Chandler Fang described the first 1 million transactions as proof of the value exchanged by autonomous software through the network.
Chandler from@t54aion discusses how AI agents can unlock new use cases for $XRP and XRP Ledger. He covers adoption challenges, TPS debates, and actual value creation. Proxy transactions on XRP Ledger continue to grow, with more than 2.2 million transactions settled.
- XRP Ledger Foundation (@XRPLF) August 21, 2026
Fang discusses how agent-based payments can create new uses on XRP Ledger. He also talked about adoption barriers, network capacity and the debate about transactions per second. The discussion focused on useful economic activities rather than simply trading volumes.
These network data provide an independent measure of XRPL usage parallel to the current token rally. They do not confirm that growth in transactions will bring further market gains. Analysts pointed to $1.58 to $1.60 as the next resistance range for XRP prices. EGRAG listed US$1.96 as a macro confirmation level, with US$3.00 to US$3.60 as a broader breakthrough range.
