XRP price is finally rallying along with the rest of the market and is now at $1.10 after pumping 10% today. Of course, Ethereum and Hyperliquid are the real winners with 17-20% pumps, but XRP is not far behind. Finally, the community has something to be happy about after, let’s be honest, months of pain.
The rally comes as the broader crypto market shows strength. Bitcoin is holding above $69,000, and altcoins are bouncing across the board. But XRP’s move is notable because it broke through the $1.00 psychological barrier that had held it down for weeks.
What you'll learn 👉
Dark Defender: “After Triple Dip, XRP Saw the Expected Surge”
Dark Defender, one of the leaders of the XRP community on X, weighed in with a bullish take. His thesis is straightforward: “After triple dip on the weekly, XRP saw the expected surge. Road to double digits. Targets: $5.85, $9, first Supports: $1.”
The chart is a weekly XRP/USD chart, so this is not intended as a prediction for the next few days or weeks. It is a macro Elliott Wave setup in which the analyst believes XRP could be completing a large Wave (4) correction around $1. If that interpretation is correct, the next major phase would be Wave (5), potentially taking XRP beyond its previous highs.
The two major targets shown are:
- $5.8563 → first major bullish target
- $9.0362 → higher Wave (5) target
When the analyst says “road to double digits,” the idea is that a successful fifth-wave expansion could take XRP toward $9, putting $10 within striking distance.
The “triple dip” refers to multiple tests of the same broad support region around $1. Rather than the XRP price breaking decisively below $1 and continuing lower, price has repeatedly interacted with this area. Dark Defender interprets these repeated tests as part of a potential macro bottom.
The Elliott Wave interpretation: The huge XRP rally into the 2024-2025 period is treated as Wave (3). The long decline afterward is treated as Wave (4). Under this interpretation, XRP’s collapse from above $3 toward $1 is not necessarily the beginning of a new multi-year bear market. Instead, it is a large correction within a broader bullish Elliott Wave structure. If Wave (4) is now finishing around $1, the analyst expects a fifth bullish wave.
But there are hurdles. The chart has multiple Fibonacci levels between XRP and the $5.85 and $9 targets:
| Level | XRP Price |
|---|---|
| Current area | ~$1.10 |
| 161.8% | $1.8815 |
| 200% | $2.9032 |
| Previous major high | ~$3.66 |
| 261.8% | $5.8563 |
| 300% | $9.0362 |
The first major macro level is roughly **$1.88** – about 71% above $1.10. The chart also has a large Ichimoku cloud extending across roughly this region, reinforcing the idea that XRP could encounter resistance well before reaching the spectacular targets at the top.
Read also: How Much XRP Would You Need Today to Have $1 Million by 2030?
Trump Introduces Ripple CEO at White House Summit, XRP On-Chain Activity Data
The rally coincides with a significant political development. Ripple CEO Brad Garlinghouse was personally introduced by President Donald Trump at a White House gathering of crypto executives and regulators. The summit launched the CFTC’s Innovation Advisory Committee, which includes Ripple, and discussed advancing digital asset legislation like the CLARITY Act.
The introduction signals Ripple’s growing influence in Washington. Being personally named by the President in this context is a powerful endorsement.
Data from Evernorth shows XRP’s on-chain trading volume has become highly concentrated. In July 2026, 23.5% of weekday volume occurred between 1–4 p.m. UTC, overlapping with London and New York trading hours. That is a significant increase from 14.3% a year prior.
This pattern spans all XRP Ledger channels, with RLUSD-XRP volume hitting roughly $900 million over six months. The concentration suggests institutional traders are becoming more active during overlapping market hours.
Where Could XRP Price Go From Here?
The 10% rally is a positive sign. XRP has finally broken above $1.00 and is testing the $1.10 level. But the analyst’s $5.85 and $9 targets remain speculative.
What makes the chart interesting: XRP is showing the type of bullish reaction from $1 that would be needed for the Wave (4) bottom scenario to begin playing out.
What it doesn’t confirm: The move doesn’t confirm Wave (5) has begun. It is a relief rally, not yet a confirmed macro impulse. XRP needs follow-through.
The key levels to watch:
- Support: $1.00 is the new floor. If XRP holds above this level, the bounce has legs.
- Resistance: $1.20–$1.30 is the first major hurdle. A break above that opens the door to $1.50 and then $1.88.
- Bullish confirmation: A move above $1.88 would start making the $2.90 target relevant.
- Bearish invalidation: A break back below $1.00 would question the entire setup.
For now, the community has something to smile about. But the real work starts now. XRP needs to hold above $1.00 and build on today’s momentum.
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