XRP Price Prediction Signals $1.20+ Target as Bitcoin Reaches $71K

XRP price climbed 15.04% to $1.16 within 24 hours as cryptocurrency markets staged a powerful regulatory-driven recovery. Trading volume jumped 392.81% to $4.22 billion, reflecting intense market participation. 

The move came after Bitcoin rebounded to over $71,000 and optimism. The proposed legislation on digital assets by Washington also contributed to the robust rebound in the market in general on Thursday.

White House Crypto Summit Sparks XRP Price Rally

The cryptocurrency market gained 10.94%, reaching $2.44 trillion after encouraging developments emerged from Washington. President Donald Trump urged Congress to approve the CLARITY Act during an August 19 White House summit.

Trump also said the United States was considering sizable purchases of Bitcoin and other cryptocurrencies. Brad Garlinghouse, the chief executive of Ripple, was present at the meeting, which reinforced the positive mood towards XRP.

The next vote will be in Senate on September 15, and it may help investors to understand whether the regulatory optimism could keep the momentum in the market

Another trigger was the Treasury decision to increase long-term bond buybacks. Reduced yields stimulated the need to invest more in risk assets, such as cryptocurrencies.

Bitcoin price rose 11% and momentarily reached its highest point in 80 days at $71,500. The rally contributed about $147 billion to the market capitalization of Bitcoin.

Ethereum price reclaimed $2,300 for the first time in over three months. Solana price increased 12%, Dogecoin 9%, and Hyperliquid 22%.

Cardano, Zcash and Tron, also registered gains as capital was restored throughout the market.

XRP Whales Accumulate 300 Million Tokens in 96 Hours

Major XRP investors acquired over 300 million units in 96 hours, indicating a fresh trust among experienced market players. The buys were accompanied by a regaining of XRP above support at $1.00.

XRP WHALES GO CRAZY!

More than 300 million $XRP have been scooped up by whales in just 96 hours. https://t.co/70eHTdeG8a pic.twitter.com/4Pv9ME8tEr

— Ali Charts (@alicharts) August 20, 2026

When tokens are transferred to long-term holdings, whale activity can constrict the supply of exchange. But even large transfers can generate volatility when holders start to get profits around resistance.

The piling helped XRP ascend by $1.05, $1.10, and $1.15 on the surge. These previous resistance levels were now able to support in case of any pullback.

XRP ETF Inflows and Rising Volume Support the Breakout

On August 19, XRP ETFs received net inflows worth $2.35 million. The inflows later hit a high of 1.52 billion.

Bitwise had the highest amount of 1.19 million followed by Franklin Templeton with 1.16 million. The value of ETF trade was totaling to 31.66 million.

The products had a net asset of 1.01 billion which was 1.46% of the market capitalization of XRP. In the meantime, the sharp rise of spot volume enhanced the validity of the breakout.

XRP Price Prediction Eyes $1.25 After Breaking $1.15 Resistance

XRP remains within an ascending channel after rebounding from the important $1.00 area. Sustained trading above $1.20 could expose $1.25 and $1.30.

The Relative Strength Index was 84.15, which is a very deep position in the overbought zone. This reading implies high forward momentum and raises the risk of short-term corrections.

The Chaikin Money Flow was 0.37, which indicated that there was a lot of capital coming into the market. Further inflows would aid XRP to break the upper limit of the channel.

The decline in momentum around the area of $1.20 can push XRP down to $1.15. Further retreat might reveal support levels of $1.10-$1.05.

The aggressive XRP price outlook is valid as long as the token stays over the level of $1.10. A decisive defeat might take XRP back to $1.05.