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XRP payment volume spikes over 550 million, price jumps nearly 10%, signaling potential market turnaround.

Technical Signals
20 Aug 2026
UToday
View Source
Bullish
pluang ai news

XRP Ledger saw a significant surge in payment volume, briefly exceeding 550 million XRP within 24 hours, coinciding with a nearly 10% price increase from about $1.05 to $1.15. This spike indicates heightened network activity and increased trading participation after a period of low volatility. However, the volume surge reflects various types of transfers, not just buying pressure, so sustained price movement above $1.15 is needed to confirm a bullish breakout. The $1.15 level now acts as a key resistance, with support around $1.05 and $1.08 if the breakout fails.

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