{"id":31722,"date":"2026-08-20T14:25:47","date_gmt":"2026-08-20T13:25:47","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/08\/20\/xrp-price-analysis-breakout-1-16-target-1-20\/"},"modified":"2026-08-20T14:25:53","modified_gmt":"2026-08-20T13:25:53","slug":"xrp-price-analysis-breakout-1-16-target-1-20","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/xrp-price-analysis-breakout-1-16-target-1-20\/","title":{"rendered":"XRP Surges Above $1.16 \u2014 Can Bulls Push Toward $1.20?"},"content":{"rendered":"\n

After weeks of consolidation within a bearish structure, XRP has just posted a +4.86% bounce<\/strong>, breaking above the $1.16<\/strong> mark. The move is reigniting trader interest and reopening the debate over whether bulls have what it takes to reclaim control of the market.<\/p>\n\n\n\n

The $1.18<\/strong> zone represents the next decisive test. This is precisely where previous recovery attempts have been met with significant selling pressure. The real question is not whether XRP<\/strong> can move higher, but whether the current momentum is strong enough to absorb that resistance.<\/p>\n\n\n\n

Below is a full breakdown of the technical structure, key price levels, and the most likely scenarios for the days ahead.<\/p>\n\n\n\n

A Breakout That Pulls XRP Out of a Prolonged Descending Structure<\/h2>\n\n\n\n

XRP<\/strong> had been trading inside a descending channel<\/strong> for several weeks, printing a consistent series of lower highs and lower lows. The daily candle on August 12 marks a clean break of that structure<\/strong>, accompanied by rising volume and a close above the dynamic resistance line that had been capping price action.<\/p>\n\n\n\n

This type of breakout from a descending structure<\/strong> is typically interpreted as a short-term reversal signal. It is not enough on its own to confirm a broader bullish trend, but it does indicate that selling pressure has momentarily exhausted itself and that buyers are reasserting control over the market.<\/p>\n\n\n\n

\"XRP<\/figure>\n\n\n\n

The $1.14 to $1.16<\/strong> zone now acts as an intermediate support<\/strong> that bulls must defend at all costs. Should price get rejected at $1.18<\/strong>, a pullback into this zone would be the most likely consolidation scenario before another upside attempt.<\/p>\n\n\n\n

The $1.18 Resistance: The Real Test for XRP<\/h2>\n\n\n\n

The $1.18<\/strong> area concentrates several major technical levels<\/strong> in one place: a former support zone that has flipped to resistance, a key Fibonacci retracement level<\/a><\/strong>, and a Point of Control (POC)<\/strong> visible in recent market volume data. This confluence makes it a serious obstacle for buyers to overcome.<\/p>\n\n\n\n

If XRP<\/strong> manages to close a daily candle above $1.18<\/strong> on convincing volume, the next natural target sits around $1.20<\/strong> \u2014 a strong psychological level<\/strong> that has historically triggered significant profit-taking. Beyond that, the following resistance zone lies in the $1.24 to $1.26<\/strong> range.<\/p>\n\n\n\n

Conversely, a failure to break through $1.18<\/strong> could quickly drag XRP<\/strong> back toward $1.12<\/strong>, or even $1.08<\/strong> if broader market sentiment deteriorates. The macro backdrop remains a critical factor: any meaningful pressure on Bitcoin<\/strong> would mechanically weigh on XRP<\/strong> and the rest of the major altcoins<\/strong>.<\/p>\n\n\n\n

What Technical Indicators Reveal About XRP’s Momentum<\/h2>\n\n\n\n

On the daily chart, the RSI is climbing back toward the 55 to 60 zone<\/strong>, recovering from oversold territory without yet reaching overbought conditions. This positioning leaves meaningful room to the upside before any exhaustion signal materializes, which is technically favorable for a continuation of the move.<\/p>\n\n\n\n

The MACD is showing an emerging bullish crossover<\/strong> on the daily timeframe, with the signal lines beginning to diverge positively. This signal, combined with the break of the descending structure, reinforces the short-term reversal thesis. That said, confirmation across multiple candles remains essential before this scenario can be fully validated.<\/p>\n\n\n\n

On the on-chain data<\/strong> side, active address activity on the XRP Ledger network<\/a><\/strong> is worth monitoring closely: a meaningful increase in network activity accompanying the price rise would provide bulls with an additional conviction signal. Without that confirmation, the current bounce remains fragile and potentially speculative in nature.<\/p>\n\n\n\n

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