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Market NewsXRP Soars 18%: Why Is XRP Going Up? What Is Next?
Cryptocurrencies News
XRP Soars 18%: Why Is XRP Going Up? What Is Next?
TOPONE Markets Analyst2026-08-21 16:37:42
XRP, the native cryptocurrency of the XRP Ledger, is back in the spotlight, and it’s easy to see why. XRP posted one of its strongest single-day performances in recent months, climbing approximately 18% over the past 24 hours to trade near $1.31 as of press time.
This rally reflects improving U.S. crypto policy sentiment, stronger market liquidity, whale accumulation, and a broader short squeeze across digital assets. However, investors are most concerned about whether XRP can sustain its breakout. Let’s analyze what happened and determine if XRP can continue its rising momentum.
XRP Price Today: What Is Happening?
During the latest crypto market rally, the XRP token broke through the $1.00, $1.14, and $1.20 thresholds before testing the $1.30 threshold and reaching as high as $1.35 on some exchanges.
As of press time, XRP had risen by approximately 18%, climbing from around $1.00 to above $1.35. The move was among the strongest gains recorded by major cryptocurrencies during the session.
| Market Indicator | Latest Development |
|---|---|
| XRP’s 24-hour move | Approximately +18% |
| Recent price area | Around $1.30-$1.35 |
| Key breakout level | $1.20 |
| Immediate resistance | $1.30-$1.40 |
The broader crypto market also strengthened sharply. Bitcoin rose above $75,000 again, and <a href="https://xpertsstudio.com/why-bitcoin-ethereum-are-winning/” title=”Why Bitcoin & Ethereum Are Winning”>Ethereum and other major altcoins saw significant gains. Investors reacted positively to developments in U.S. financial markets and cryptocurrency policy.
Why Is XRP Going Up?
This is the question that everyone searching for XRP news wants answered. One of the biggest catalysts was regulatory and political developments. Recently, President Donald Trump urged Congress to move forward with crypto legislation that would provide greater clarity on whether digital assets should be regulated as securities or commodities. Ripple CEO Brad Garlinghouse participated in discussions at the White House, which reinforced the perception of growing political support for digital assets and benefited the sentiment surrounding XRP and Ripple specifically.
The broader rally was also supported by the U.S. Treasury’s decision to expand long-term bond buybacks, which followed significant pressure in the Treasury market. The move was viewed as a positive signal for financial-market liquidity, helping to boost demand for risk-sensitive assets. Bitcoin, Ethereum, and XRP all benefited from the improved sentiment, as did crypto-related equities. This suggests that XRP’s rally is not entirely XRP-specific.
Large holders may have also contributed to the move. Recent market reports indicate that “whales” accumulated more than 300 million XRP in about 96 hours, which helped support demand as the price pushed through important resistance levels.
Additionally, institutional interest may be stabilizing. According to recent reports, U.S. spot XRP ETFs recorded approximately $5.81 million in net inflows on August 18, which represents an improvement after a period of relatively modest institutional demand.
Note: Crypto markets can move in either direction. With TOPONE Markets XRP CFDs, you can take a long or short position based on your own market view and trade the price movement without taking ownership of XRP.
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What Is Next for XRP?
XRP’s short-term momentum is clearly bullish. However, the next phase of the rally will require stronger fundamental support than a one-time short squeeze. Continued ETF inflows, sustained spot demand, and genuine progress toward U.S. regulatory clarity could support further upside.
In the coming days and weeks, traders following XRP news will be focused on a few key triggers, such as whether XRP can close a daily or weekly candle above $1.35, continued ETF inflow or outflow data, confirmed regulatory movement on the CLARITY Act, and whether whale wallets continue to accumulate or begin to distribute.
If regulatory sentiment continues to improve and the broader crypto rally extends, the next psychological area could be around $1.40, followed by higher resistance zones. In a bearish scenario, if Bitcoin reverses sharply, ETF demand weakens, or U.S. regulatory progress disappoints, XRP could face rapid profit-taking and drop below the $1 breakout area.
For now, investors and traders are likely to watch whether XRP can hold above $1.30 and build on its recent advance toward the $1.40–$1.50 resistance zone. If the broader crypto market remains strong, XRP could have further upside potential. However, the scale and speed of the recent rally increase the risk of sharp corrections.
1. Why is XRP going up?
XRP is rising as part of a broader cryptocurrency rally supported by improving risk sentiment, expectations of clearer U.S. crypto regulation, stronger market liquidity and short covering. The recent crypto advance followed the U.S. Treasury’s move to expand long-term bond buybacks and renewed support for the proposed CLARITY Act.
2. How much did XRP increase recently?
XRP recently gained approximately 18%, making it one of the stronger performers during the latest cryptocurrency market rally.
3. What caused the broader crypto market rally?
The rally has been linked to improved U.S. liquidity conditions, Treasury bond buybacks, renewed regulatory optimism and widespread short covering. Bitcoin moved back above $75,000, while major altcoins including XRP also posted strong gains.
4. How does U.S. crypto regulation affect XRP?
Regulatory clarity is particularly important for cryptocurrencies such as XRP. A clearer U.S. framework could reduce uncertainty for institutional investors and digital-asset companies. However, the proposed CLARITY Act remains subject to the legislative process, so regulatory progress is not guaranteed.
5. What XRP price levels should investors watch?
Following a rapid rally, traders should watch whether XRP can hold above its recent breakout zone and establish support. Continued buying momentum could support another test of higher resistance, while a broader crypto-market reversal may trigger profit-taking.
Crypto Market Explodes: Bitcoin Near $70,000, Ethereum, XRP, Dogecoin Soar! What Is Next?
Risk Warning: Trading financial instruments involves significant risk and may result in the loss of your invested capital. Please ensure you fully understand the risks and seek independent professional advice if necessary. This article does not constitute investment advice or a trading recommendation. Past performance is not indicative of future results.
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Source: www.top1markets.com