XRP news
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
XRP jumped over 15% to around $1.15 on Thursday, briefly touching $1.16. The token's surge follows a US Treasury plan to double bond buybacks, boosting risk assets.
Background
XRP, the token linked to Ripple, has been under pressure for weeks, dropping below $1 in early August for the first time since November 2024. The recent rally is attributed to a US Treasury announcement on August 19 to at least double its long-end buyback operations, which traders nicknamed 'QE Lite,' as well as a White House meeting with crypto executives. On-chain data also shows increased activity during London-New York overlap hours, suggesting institutional interest.
How it unfolded
- Aug 19, 2026XRP climbed 6.1% as President Trump hosted Ripple executives at the White House, with SEC and CFTC chairs present.
- Aug 20, 2026XRP jumped over 15% to around $1.15, briefly touching $1.16, as data showed a 'banker hours' onchain pattern. It later climbed to 5th on crypto rankings after rallying over 20%.
- Aug 21, 2026XRP erased its most bearish signal, opening at $1.2681 and trading near $1.40, a 10.52% gain on the day, with a 40.06% gain over the past week.
Who’s saying what
- Analysts
- Analyst Dark Defender said the weekly chart completed a 'triple dip,' supporting a bullish Wave 5 setup with targets at $5.8563 and $9.0362.
- Caution
- Some analysts note that XRP's 200-day moving average is around $1.34, about 8% above the current price, with a falling trendline sloping toward it, suggesting resistance ahead.
Still unverified
Analyst price targets for XRP (e.g., $5.8563 and $9.0362) are speculative and not confirmed.