XRP Price Rally Strengthens As Bulls Eye $1.40 Weekly Breakout

By Bena Ilyas | Edited By Ammar Raza,August 21, 2026, 1:42 PM

XRP price is back in focus after posting a sharp 18.08% gain over the past 24 hours, with the cryptocurrency trading near $1.30. The surge has sparked discussions on the prospects of a further increase in the price of XRP, while technical indicators reveal a key barrier at $1.40 weekly resistance.

XRP price has climbed sharply over the past 24 hours, reaching $1.30 as buying activity increased across the market. The crypto posted a trading volume of $10.81 billion, and its market capitalization rose to $81.72 billion, amounting to 3.24% of the total crypto market capitalization.

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XRP Price Rally Revives $10 Long-Term Potential 

The latest rally has also renewed discussion around XRP’s long-term potential. Crypto analyst Crypto Patel recently highlighted the possibility of XRP reaching $10, pointing to its previous price history, fast transaction speeds, low fees, and growing use in payment-related applications. Patel explained that based on the historical price moves, higher targets for XRP may be realistic.

Also, Patel mentioned the rise of XRP from around $0.006 in 2017 to more than $3 in 2018 and recovery from around $0.50 to $2.60 in November 2024. The post also noted that it was possible for XRP to reach 10-20 multiples in the future, asking what currently prevents XRP from having a further uptrend.

XRP Price Faces Critical $1.40 Resistance

Despite the optimistic outlook on the prospects of XRP in the future, the current technical setup looks quite conservative. XRP trades below the key weekly resistance level of $1.40, which repeatedly blocked any recovery attempts. A breakout beyond this region would signal increased strength of buyers.

The chart continues to show lower highs and lower lows, keeping the broader trend tilted downward. Short-term rallies can occur within a declining structure, meaning the latest 18% increase does not by itself confirm a trend reversal. XRP would need to close decisively above $1.40 and establish a higher high to strengthen the bullish case.

If XRP fails to overcome this resistance, selling pressure could return and push the token toward lower support zones. The $0.50 area stands out as a major high-timeframe support level and could become important if the broader correction resumes.

Long-Term XRP Outlook Depends on Breakout and Adoption

The $10 XRP debate is closely linked to adoption and market demand. XRP’s ability to facilitate fast and relatively low-cost transactions has supported its use-case narrative, particularly around cross-border payments. However, reaching $10 would require a major increase in market value and sustained demand.

For now, the $1.40 level remains the immediate test. A weekly breakout could shift market expectations toward higher resistance levels, while another rejection would keep the existing bearish structure intact.

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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.