Mr.Arshman

08/20 16:20

XRP Lifts to $1.21 on Washington 'Hopium,' but Bol

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This week, $XRP broke its summer lull and jumped nearly 20%, rising toward $1.2124. The current momentum, fueled by a wave of Washington "hopium," has brought the token close to the main price divide on the weekly chart — the 1.21–1.23 range as per TradingView. However, technical indicators are sending a clear signal that the asset is approaching a zone of heavy profit-taking. $XRP has not risen above this threshold since the catastrophic crash of Oct. 10, 2025, when $19 billion in forced liquidations of leveraged positions locked the crypto market into a year-long bearish trend. Since June, the $XRP chart had been sliding toward the psychologically important $1 level while the daily RSI formed a hidden bullish divergence — a sign of seller exhaustion. A strong wave of news from the U.S. became the key fundamental trigger for the breakout: The Treasury launched yield curve control (YCC), which traditionally weakens the dollar. The SEC released its long-awaited crypto asset regulation framework, Regulation Crypto Assets. The presidential administration held a closed-door meeting with top industry executives, including Ripple's leadership, to discuss real-world asset (RWA) tokenization and the Clarity Act. Official statements from the White House added a powerful dose of optimism to the market. Amid a cascade of short liquidations, $XRP's daily candle immediately broke above the 23-day SMA at $1.04 and the 50-day SMA at $1.07 before surging beyond the upper Bollinger Band at $1.13.

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