XRP traded near $1.10 after falling 1.71% in 24 hours, tracking Bitcoin’s 1.89% decline and a broader crypto market pullback. The move occurred without major XRP-specific negative news, leaving broader risk sentiment as the primary driver.
Meanwhile, the XRP Ledger crossed eight million activated accounts, a milestone that has renewed debate over whether rising adoption can support the XRP price while technical resistance and regulatory uncertainty limit short-term gains.
XRP Price Tracks Bitcoin During Market Pullback
XRP’s daily loss closely matched Bitcoin’s decline, showing the token still moves with the wider market during risk-off periods. Bitcoin traded around the mid-$64,000 range on July 16 as softer inflation data competed with geopolitical concerns. XRP lacked a separate catalyst strong enough to break that market link.
Technical pressure also limited recovery attempts. XRP failed to move above a group of moving averages near $1.14 to $1.15, where sellers have blocked recent rallies. The $1.10 level now acts as an important short-term pivot. A hold could support another test of $1.13 to $1.15, while a break may expose the $1.06 area.
XRP Ledger Crosses 8 Million Accounts
The XRP Ledger Foundation said the network crossed eight million activated accounts. An activated account holds the minimum XRP reserve needed to send transactions and use services on the ledger. The figure measures funded accounts, but it does not equal 8 million individual users since one person or company may control several addresses.
Network use has expanded beyond payments. The ledger now supports tokenized assets, stablecoins, decentralized finance tools, and automated transactions. Reports cited by the foundation place tokenized real-world assets on the network above $4 billion, while AI agents have completed more than one million transactions. Still, daily active addresses and new account growth have slowed from earlier peaks.
XRP Forecasts Split Between $3 and Higher Targets
The account milestone has brought XRP price predictions back into focus. Motley Fool analyst Dominic Basulto said the token’s upside ‘might be capped at $3,’ partly due to competition from dollar-backed stablecoins in cross-border payments. From $1.10, XRP would need to rise about 173% to reach that target.
Technical analyst Javon Marks has presented a much stronger forecast. He said XRP ‘can be setting up’ for a move toward $21 and raised a longer-term level above $152. Those targets depend on XRP repeating parts of its 2017 price structure. A $21 price would require a gain of about 1,809% from $1.10, while $152 would require an increase above 13,700%.
Regulation remains another near-term factor. The Senate Banking Committee advanced the CLARITY Act by a 15-9 vote in May, but the full Senate vote has not yet been scheduled. The bill still needs bipartisan support, while lawmakers discuss ethics and stablecoin provisions.
Near-term charts offer a mixed view. Some analysts point to a bull flag and falling wedge breakout after months of consolidation, with $1.24 as a possible target if former resistance becomes support. Analysts also highlighted a possible head-and-shoulders pattern with a neckline near $1.06. A daily close above $1.18 could weaken the bearish setup, while a high-volume break below $1.10 may increase downside pressure over coming sessions.
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