XRP Soars Past Milestone as AI Payments Surge Past 1 Million

XRP has surged nearly 4%, reaching a two-week peak of $1.1574, driven by Bitcoin surpassing $65,000, increased whale accumulation, and new ETF inflows that have propelled its recovery.

As reported by crypto.news, XRP (XRP) was trading around $1.14 at the time of this report, demonstrating a 2% increase over the past week and bringing its market cap above $71 billion. The token experienced a slight retreat from its session high as selling pressure emerged around the $1.16 mark, yet prices stayed above a previously breached daily resistance level.

The positive sentiment in the crypto market has been bolstered by activities related to artificial intelligence, which have acted as a catalyst at the network level. XRP Ledger has processed over 1 million agentic transactions, as shared by RippleX’s engineering lead J. Ayo Akinyele, who noted that developers are testing autonomous payments for various services such as data and API transactions.

Agentic payments enable AI-oriented software to execute transactions autonomously based on pre-set instructions without needing personal approval for each transfer. The XRP Ledger facilitates these payments in just three to five seconds while maintaining consistent transaction costs, Akinyele informed FinanceFeeds.

Reflecting on this achievement, Akinyele anticipated a significant increase in transaction volume as developers enhance the available tools for autonomous agents.

“I’m confident we’ll exceed 10 million and could even hit 100 million within the next few years.”

This outlook remains a projection rather than a definitive indicator of future XRP demand. Investors must consider whether developers will continue to create agent-based services, if these applications will engage consistent users, and how frequently XRP or Ripple USD will be utilized for settlement.

Whale Accumulation and ETF Inflows Bolster Market Recovery

According to data from Santiment, wallets containing between 100,000 and 100 million XRP increased their total balances by 2.8% over the past five weeks, while balances in wallets holding less than 0.1 XRP fell by 5.2% during the same period.

Santiment’s analysis suggests that significant wallets have been accumulating tokens, while smaller holders are decreasing their stakes. This adjustment in holdings coincides with XRP’s climb toward $1.16, though the data does not conclusively establish that large holders’ purchases were the sole factor in the price increase.

Additionally, demand for U.S.-listed spot XRP exchange-traded funds has persisted. According to SoSoValue data, the ETFs garnered $5.66 million in net inflows on July 21, bringing total inflows to approximately $1.49 billion.

All inflows for that day came from Franklin Templeton’s XRPZ, while other listed products reported no change. Trading activity across these funds amounted to $19.16 million, and their combined net assets reached about $1.06 billion, representing roughly 1.48% of XRP’s overall market value.

Among individual products, Bitwise holds the largest asset pool at $333.50 million, as per the same dataset. These figures indicate that regulated funds are still attracting capital during XRP’s recovery, although daily flows may fluctuate and do not guarantee ongoing price increases.

Daily Breakout Keeps $1.20 Target in Sight

On the daily chart, XRP has exceeded the upper boundary of a symmetrical triangle formed after its decline in June. The price also broke through a descending trendline connecting the swing highs from June and July, reaching $1.1574.

Daily momentum has strengthened following this breakout. The relative strength index on the chart indicated a value of 55.77, surpassing its moving average of 47.38 and remaining below the overbought threshold of 70. The moving average convergence divergence (MACD) histogram turned positive at 0.0077, while the MACD line moved upward toward a potential crossover above the signal line.

However, the 4-hour chart showed a cooling of momentum after XRP faced resistance at $1.1574. The most recent candle traded close to $1.1385, putting the token slightly above the Murrey Math trading-range ceiling of $1.1353 and the major support/resistance pivot at $1.123.

A recovery above the strong pivot at $1.1475 would offer buyers another opportunity to test the $1.1597 level. The chart indicates further resistance levels at $1.1719 and $1.1841, with $1.1963 just below the psychological threshold of $1.20.

4-hour MACD readings remained positive, but the shrinking histogram indicated that upward momentum had tapered following the latest increase. Thus, buyers need to sustain the breakout and not just rely on previous momentum.

If XRP closes below $1.123, the 4-hour chart suggests the next support levels at $1.1106 and $1.0986. A deeper retracement could expose $1.0864, and the crucial support line at $1.0742, potentially undermining the daily triangle breakout despite ongoing whale demand and ETF interest.