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XRP jumps to $1.21 on US regulatory optimism but signals warn to take profits soon.

Technical Signals
20 Aug 2026
UToday
View Source
Neutral
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XRP surged nearly 20% to $1.21, driven by positive news from Washington including new crypto regulations and discussions on asset tokenization. However, technical indicators like weekly Bollinger Bands and moving averages suggest this price level is a strong resistance zone, signaling a high risk of profit-taking and potential pullback. Traders are advised to be cautious as XRP has not surpassed this range since a major market crash in 2025, and a full trend reversal requires closing above $1.2340. The current rally is fueled by market optimism but may face a correction soon.

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