XRP traded near $1.15 on Wednesday, gaining 0.35% in 24 hours as the token faces a key resistance test at $1.20. The XRP Ledger surpassed one million agentic transactions, with RippleX leaders projecting 100 million within two years. Franklin XRPZ captured the entire $5.66 million daily net inflow into XRP ETFs on July 21, pushing cumulative net inflows to $1.49 billion. Trading volume stood at $1.31 billion, down 7.25%, while the token rose 2.46% over the past week.
XRP price gained momentum on Wednesday as improving crypto sentiment supported another recovery attempt. The token is trading at $1.15, showing an uptick of 0.35% in the past 24 hours, according to data from CoinMarketCap. Trading volume currently stands at $1.31 billion, down 7.25%.
Analyst CasiTrades highlighted that the existing bearish Elliott Wave structure remains valid. According to the current wave pattern, XRP cannot set new highs above $1.20. The rally tested the 0.854 level of Fibonacci retracement at $1.16, viewed as a valid correction of Wave 2. Bearish RSI divergences on different degrees were formed in the rally, marking a top in the given scenario.
In case of decline, analysts anticipate focus to turn to lower support levels at $0.93 and $0.87. A move above $1.20 would invalidate the current bearish structure, while clearing $1.30 would invalidate a separate C-wave structure.
The XRP Ledger recorded one million agentic transactions, accounting for AI payment systems that follow instructions from autonomous agents. RippleX engineering leaders expect to record 100 million in two years, presupposing additional infrastructure.
According to SoSoValue data, the XRP price rise followed a $5.66 million daily net inflow into exchange-traded funds on July 21. Franklin XRPZ accounted for the entire inflow, while no other listed product received fresh capital. Cumulative net inflow reached $1.49 billion. Aggregate trade volume across all funds was $19.16 million, with net assets valued at $1.06 billion, constituting 1.48% of XRP market capitalization. Bitwise held the largest product with net assets of $333.50 million.
