XRP jumped 18.7% in 24 hours after President Trump met with crypto executives and regulators at the White House on Aug. 19, and the rally pushed the token into a major resistance zone on the charts. The move rests mostly on sentiment, and The Motley Fool argues weak network fee revenue means the pop alone doesn't make XRP a buy.
XRP jumped 18.7% in the 24 hours after President Donald Trump met with crypto executives and regulators at the White House on Aug. 19. The token remains 64% below its 2025 all-time high even after the pop, according to The Motley Fool.
Bitcoin, Ethereum, and Solana also climbed by double digits that day, reversing months of sluggish, downward price action. XRP rode the broader optimism rather than any news specific to the token, though Ripple's chief executive attended the summit and had a direct chance to lobby regulators shaping the stalled Clarity Act, which prediction markets currently give roughly 26% odds of passing in 2026.
Chart confirms a breakout above resistance
The price move lines up with a technical breakout. XRP escaped a descending channel that had capped the token for months, rallying from the $0.98-$1 support zone through the $1.10-$1.15 area and on to $1.55, according to CryptoPotato. An upper wick toward roughly $1.70 shows sellers stepping in near the highs.
Holding above the former $1.50 resistance would strengthen the breakout and could put the $1.82-$1.94 zone in view. Failure to hold current levels, however, could send the token back toward the $1.22-$1.30 area that capped prices earlier in the rally.
Weak fee revenue clouds the case for buying
The Motley Fool argues the pop alone doesn't make XRP a buy. Every XRP Ledger transaction destroys just 0.00001 XRP, and the network collected only $314 in fees over the 24 hours ending Aug. 20. That leaves holders with little compensation for the risk of holding the token, since nothing meaningfully constrains XRP's supply.
Ethereum's and Solana's communities have spent August debating tokenomics proposals to burn more tokens and issue less, but the XRP Ledger has no comparable plan on the floor. Until that changes, further rallies are likely to run on sentiment alone rather than on improved token economics.
Sources: Motley Fool, CryptoPotato
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