XRP price is trading at $1.17, up +12% on the day, after a session that saw it swing between $1.089 and $1.1346. That’s not the fireworks show of a 10% pump, but it’s the first time in weeks the token has held above the $1.00 psychological floor with any conviction.
The rally follows a broader market bounce, with XRP breaking through resistance that had capped every prior attempt since June. Dark Defender, a well-followed voice in the XRP community, framed the move on a weekly chart as the completion of a corrective “Wave 4” pattern.
The targets are $5.85 and $9 if the setup plays out. Whether that macro thesis holds is another matter; Elliott Wave counts are notoriously flexible depending on who’s drawing them.
XRP has spent weeks stuck in a descending channel between roughly $1.00 and $1.18, with every bounce toward the top of that range getting sold into. Recent analysis suggests the current move could be the first meaningful test of that ceiling since early August. The question now is whether this is the start of something bigger or just another fakeout before the range reasserts itself.
Can XRP Price Hit $1.20 This Week?
🚨 $XRP EXPLODES 12% After Ripple CEO’s Trump Meeting — SMASHES Through $1.08 Resistance as RSI Hits EXTREME Overbought Levels 🤯🔥
After weeks of fighting around $1.00, $XRP suddenly ripped nearly 12%, blasting straight through the major $1.081 resistance and reaching roughly… https://t.co/MqynN5V4vY pic.twitter.com/sKZyQWdkxG
— Diana (@InvestWithD) August 19, 2026
At $1.17, XRP sits above its immediate support zone of $1.05-$1.08 and comfortably clear of the $1 floor that’s been tested repeatedly since June.
Trading data shows the pair remains well below its medium-term moving average near $1.36-$1.37, a reminder that the broader trend is still under pressure despite the short-term bounce.
Resistance sits at $1.19-$1.20, with $1.21-$1.25 flagged by multiple analysts as the real breakout zone that would shift the medium-term picture.
The bull case: XRP clears $1.18 on rising volume, confirming the channel breakout and opening a path toward $1.36 and beyond.
The base case: price chops between $1.10 and $1.17 while the market digests the move, consistent with the range-bound behavior of recent weeks.
The bear case: failure to hold $1.05 pulls XRP back toward the $0.99-$1.00 floor, with deeper support near $0.90-$0.95 if that breaks. ETF inflow data could be the deciding factor either way.
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Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key Levels
A move from $1 to a hoped-for $9 target is the kind of return that gets people excited on crypto X, but XRP’s roughly $65Bn market capitalization means even a successful XRP price breakout story is about steady appreciation, not overnight multiples.
For traders chasing outsized asymmetry, that math pushes attention toward assets still in price discovery. This is where Bitcoin Hyper ($HYPER) enters the conversation.
Bitcoin Hyper bills itself as the first Bitcoin Layer 2 (a secondary network built to scale a base blockchain) with Solana Virtual Machine integration, aiming to deliver smart contract execution faster than Solana itself while inheriting Bitcoin’s underlying security.
The presale token currently sits at $0.0136849, with total funds raised reaching $33,033,696.84. Staking is also live at a high APY. Its Decentralized Canonical Bridge is designed to move BTC on and off the Layer 2 without a centralized custodian, a persistent weak point in Bitcoin scaling attempts.
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