XRP, aiming for the top of the Bollinger Bands... Will it break the $1.2 wall with an explosion of AI transactions?

▲ XRP

XRP has broken through the middle line of the Bollinger Bands, entering a mid-term bullish phase. With a surge in transactions between AI agents, the breakthrough of the $1.2-$1.22 resistance level has emerged as a key variable.

According to U.Today, a cryptocurrency specialized media outlet, on July 5 (local time), XRP surpassed the middle line of the Bollinger Bands from bottom to top after the holiday. It has settled in the upper half of the price corridor, ending a prolonged spring downtrend. The mid-term trend has officially shifted to a bullish phase.

Along with the rebound, x402 facilitator activity on the XRP Ledger has also surged. According to t54ai data, the volume of native token settlements has increased by 111% over the past 30 days. With the addition of new merchants, the number of participants in the x402 commercial network has expanded to 120.

Growth in the automated commerce sector has also been significant. The x402 protocol has already processed 979,134 transactions in commerce between AI agents. U.Today analyzed that the increase in automated micro-payments is accelerating the expansion of volatility bands, pushing XRP towards the upper boundary of $1.2-$1.22.

Analysis suggests that successfully breaking through the $1.2-$1.22 resistance zone would open a path towards $1.3. During the same period, RLUSD's 30-day settlement volume decreased by 31%. The media explained that automated entities are prioritizing XRP over stablecoins for direct machine-to-machine payments.

The Bollinger Bands middle line at $1.1039 is a critical support level that buyers must defend. For the bullish outlook to be preserved, XRP must maintain this price even during a short-term correction. A return below $1.1039 would invalidate the breakout signal and could lead to a return to a downtrend.

[Article Key Summary]

-XRP has broken through the middle line of the Bollinger Bands, entering a mid-term bullish phase.

-x402's native token settlement volume increased by 111% over 30 days, and transactions between AI agents recorded 979,134 cases.

-If XRP breaks through $1.2-$1.22, a path to $1.3 will open, with $1.1039 presented as a key support level.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. This content should be interpreted for informational purposes only.*