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XRP market price and technical trend analysis

Updated 5 times since CLSTR started tracking revisions of this situation.

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2026-08-20 21:20 UTC → 2026-08-21 03:35 UTC · added ~~removed~~

Market analysts are monitoring XRP as it navigates key support levels and potential shifts in market cycles. Research firm CryptoQuant reports that “whales” are increasing their positions in major cryptocurrencies, including XRP, as prices hover near or below average purchase costs. Analyst Julio Moreno suggests this buildup reduces downward pressure and may mark the final phase of the current bear market, noting XRP’s “calm accumulation pattern” despite trading between $1.00 and $1.20. However, technical concerns persist. Analyst Erik Juffermans warned that losing the $1.05 support level could trigger a bearish scenario, potentially pushing prices to $0.70 if the $1.00 psychological barrier fails. In August 2026, XRP experienced a significant price recovery, reclaiming the $1.15 level and erasing approximately 26 days of downward momentum. This surge included a $9 billion increase in market capitalization within 24 hours, driven by a short squeeze, macroeconomic factors, and renewed political interest. On-chain data shows a 280% surge in transactions exceeding $1 million on the XRP Ledger. Furthermore, transaction density has shifted, with 23% of activity now occurring during the three-hour overlap of the London and New York market sessions. Political and macroeconomic drivers have bolstered the rally. In the United States, President Donald Trump has advocated for Congress to pass the CLARITY Act. Additionally, the U.S. Treasury announced plans to double its long-term bond buybacks starting in September, which improved liquidity and increased the attractiveness of risk assets. This coincided with a broader market reset where over $2.7 billion in short positions were liquidated, as Bitcoin climbed above $72,000. Recent developments show XRP gaining approximately 30% in a week, supported by reports of Ripple CEO Brad Garlinghouse attending a White House meeting with top regulators.

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