XRP Ledger Nears 1 Million AI Transactions...Will it Reclaim $1.3?

▲ XRP, Artificial Intelligence (AI), Cryptocurrency Payment/AI Generated Image

As the XRP Ledger approaches 1 million transactions by autonomous artificial intelligence (AI) agents, the scenario of XRP recovering to $1.3 is coming to the forefront of the market.

According to U.Today, a cryptocurrency specialized media outlet, on July 4 (local time), the XRP Ledger blockchain has approached 1 million transactions performed solely by autonomous AI agents, based on t54 service data. This surge in ecosystem activity, coupled with the cryptocurrency market's rebound in July, has emerged as a factor increasing the possibility of XRP price breaking key resistance.

Technical trends also support the short-term rebound theory. XRP recently rose by approximately 3% over the past 24 hours, settling at $1.1194, and surpassed the Bollinger Band midline of $1.1112 on a daily timeframe. The short-term price trend is heading towards the upper Bollinger Band of $1.2320.

This technical narrative originated from the XRPL x402 payment facilitation device created by the t54 team with support from Ripple. The protocol is designed to enable AI bots to directly settle payments with each other for computing power or data, utilizing the internet's basic code, 402 Payment Required. This structure reduces complex API key purchases and manual wallet management procedures.

t54.ai announced via X (formerly Twitter) that "almost 1 million agent transactions have recently been settled through our XRPL x402 facilitation device." It added, "More agents, more merchants, and more transaction volume are coming to the XRP Ledger." The media pointed out that machine-based payment activity, utilizing XRP Ledger's native token and stablecoin payments, is acting as informational material for a market reversal phase.

The media explained that a portion of the network fee is burned with each on-chain transaction, leading to a long-term supply reduction mechanism. If XRP remains stable above daily indicators, the weekly Bollinger Band midline of $1.3147 is presented as the next test. Amid the increase in AI agent transactions and the market rebound, XRP's $1.3 target is emerging as a critical turning point for buying pressure.

[Key Summary of Article]

-The XRP Ledger is strengthening its technical narrative as it approaches 1 million autonomous AI agent transactions.

-XRP rose to $1.1194, surpassing the daily Bollinger Band midline of $1.1112.

-The next hurdles are $1.2320 and $1.3147, with the breakthrough of $1.3 presented as a key variable for the rebound trend.

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