XRP Explodes 53% in a Week, Ready to Hit US$1.55?

XRP stole the market's attention after recording a rise of around 53% in a week and moving close to the US$1.55 level.

This surge brought XRP back to a price area that had previously been a significant barrier to the continuation of the bullish trend.

Amid the XRP rally, interest in XRP-based investment products has also increased again.

The XRP spot ETF in the United States recorded an inflow of US$39.78 million between August 17 and 21, while XRP futures open interest reached approximately US$3.72 billion on August 24.

Key Takeaways

• XRP is up about 53% in one week and is approaching XRP resistance at US$1.55.

• The XRP ETF recorded an inflow of US$39.78 million in a week, with accumulated inflows reaching around US$1.55 billion.

• XRP futures open interest reached US$3.72 billion, indicating high derivatives activity and increasing volatility risks.

XRP Rises 53 Percent, US$1.55 Becomes Next Test

XRP's price movement changed drastically after previously hovering around US$1. Within a week, XRP rose by around 53%, reaching US$1.54 on August 24.

That level is just below US$1.55, which is now XRP's most important short-term resistance.

This surge pushed XRP back to its highest level in nearly seven months. However, significant momentum doesn't automatically mean a breakout is imminent.

The market still needs a convincing closing price above US$1.55 to strengthen the scenario for further upside.

On the other hand, the US$1.45 area is a short-term support area that needs attention.

As long as the XRP price is able to stay above this zone, the bullish structure still has room to develop.

Read Also: XRP Price: Technical Analysis and Sentiment of Ripple Coin Movement

What's Driving the XRP Rally?

One factor that is strengthening the XRP rally is the return of funds flowing into the XRP spot ETF.

The product received approximately US$39.78 million in net inflow during August 17–21, marking its best weekly performance since May.

The total accumulated net inflow then reached approximately US$1.55 billion. This influx of funds also reflects a shift in investor sentiment.

After a relatively quiet start to August, the flow of funds increased towards the end of the week.

On August 21st alone, the XRP ETF recorded an inflow of around US$18.38 million, one of the strongest daily figures since mid-May.

This condition is one of the factors that supports the institutional investment narrative of XRP.

However, ETF inflows are still no guarantee that prices will continue to rise, as XRP movements are also influenced by overall crypto market conditions and derivatives activity.

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XRP ETF Becomes New Source of Demand

The growth of the XRP ETF is an important development in reading the latest XRP prices.

Bitwise was one of the managers with the largest accumulated inflow, around US$542.7 million, followed by Canary Capital at around US$468.1 million and Franklin Templeton at around US$434.2 million.

The total inflow of around US$1.55 billion indicates demand through regulated investment instruments.

For the market, these conditions can be a source of additional demand that differs from the activities of spot and futures traders.

However, investors should not interpret the inflow figures directly as a guarantee of an XRP breakout.

The effect of ETF purchases on prices can be gradual and depends on the ETF unit creation mechanism and market liquidity conditions.

Read also: XRP Price Prediction for August 2026: Will it Hold at $1 or Rebound?

XRP Open Interest Rises, Volatility Lurks

Besides ETFs, the derivatives market also shows high activity.

XRP futures open interest reached around US$3.72 billion on August 24, while 24-hour futures volume was around US$8.84 billion.

By comparison, spot volumes were around US$1.89 billion.

This difference shows that leverage activity plays a big role in the current movement of XRP.

As futures positions become larger, price movements around resistance can become more aggressive.

If XRP manages to break above $1.55, trapped short positions could potentially accelerate the rally through short covering.

Conversely, failure to maintain momentum could trigger liquidation of long positions and amplify the correction.

Can XRP Breakout to US$1.55?

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US$1.55 is the level that determines the direction of XRP in the short term.

If the price is able to break through and stay above this area, the breakout could be confirmation that the recovery trend still has power.

Conversely, a rejection at US$1.55 could see XRP retest the US$1.45 support.

A correction towards support does not necessarily invalidate the bullish trend, especially if buyers come back in and defend the area.

Therefore, XRP price predictions should not rely solely on one indicator.

Traders need to look at a combination of volume, ETF inflow, XRP open interest, and the price's ability to hold above the breakout level.

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XRP Network Activity Also Increases

Price movements are not the only indicators that experience changes.

Data cited by analyst Ali Charts shows the number of active XRP addresses jumped by around 654.71%, from 47,180 to 356,070.

This increase in activity indicates much higher network participation compared to the previous period.

An increase in active addresses can be a positive signal as it indicates more activity on the XRP Ledger.

However, these metrics can also appear when market volatility increases, so they are not enough to determine the next price direction.

Thus, XRP crypto is currently in a phase that requires confirmation.

Price has shown strong momentum, but the main resistance has not been fully broken.

Read Also: XRP Unlock Token 1 Billion Coins: What Impact Will It Have on the Price?

What is XRP's Target After US$1.55?

If XRP breaks out of US$1.55 and is able to maintain that level, market attention will likely shift to the next resistance.

However, recent price developments also indicate that the US$1.65–US$1.70 area is a more difficult zone after XRP briefly reached US$1.70 before experiencing selling pressure.

This means that US$1.55 is not the final line. It's more appropriate to view that level as a gateway to testing higher resistance.

Conversely, if the breakout fails, the US$1.45 support area becomes a relevant area to gauge the strength of buyers.

For investors, such scenarios keep risk management important.

The 53% rally in such a short period of time also means the potential for profit taking increases as short-term traders start to secure profits.

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Conclusion

XRP is up 53 percent in a week and is now facing resistance at US$1.55.

Momentum is supported by increased XRP ETF inflows and high futures activity, but both factors can also increase volatility.

If XRP manages to break through US$1.55 with strong volume, it could open up a path to the next resistance level. However, a failed breakout could send the price back to testing US$1.45.

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FAQ

What caused XRP to rise 53% in a week?

XRP's rise was supported by a recovery in the crypto market, increased demand for spot XRP ETFs, and high activity in the derivatives market. The XRP ETF recorded an inflow of US$39.78 million between August 17 and 21.

Will XRP break US$1.55?

US$1.55 represents a key resistance level. A sustained breakout above this level could strengthen bullish momentum, while a rejection risks sending XRP back towards support around US$1.45.

What is the XRP price target after US$1.55?

After US$1.55, the US$1.65–US$1.70 area becomes an important resistance based on XRP's recent movements.

What does XRP's $3.72 billion open interest mean?

Open interest of US$3.72 billion indicates the large number of open positions in the XRP futures market. A high figure can strengthen price movements, but it also increases the risk of liquidation if the trend reverses.

Is the XRP ETF still recording inflows?

Yes. The XRP spot ETF recorded approximately US$39.78 million in net inflows between August 17 and 21, while total accumulated inflows reached approximately US$1.55 billion.