Crypto
XRP Price Soars 17% on Buying Pressure as Ripple Predicts Record Year
Ripple's XRP price surged by 17% on August 21 to $1.30, driven by increased buying pressure and higher trading volumes.
The surge comes as Ripple CEO Brad Garlinghouse predicted a record year for the company, citing its recent acquisitions of Hidden Road and GTreasury in 2025.
XRP is currently forming a falling wedge pattern on the weekly chart, which suggests that the downtrend may be over. The price has also moved above the resistance at the upper trendline of the wedge pattern, but still needs to close above it to confirm the bullish outlook.