XRP price rose 3% as AI-led transactions on its network neared 1 million

AI-driven activity boosts network momentum

XRP has gained nearly 3% over the past 24 hours, reaching $1.1194. With this uptick, the price has moved above the midline Bollinger Band at $1.1112 on the daily chart. In the short term, the next key technical level to watch is the upper band at $1.2320.

The recent rebound in XRP’s price has unfolded during a sharp increase in transaction volumes executed by AI agents on the XRP Ledger.

At the core of this technological momentum is the XRPL x402 payment facilitator developed by the t54 team with support from Ripple. Ripple, a US-based fintech company specializing in cross-border payment technologies, plays a central role here. The solution leverages the internet’s native 402 Payment Required code, enabling AI bots to pay one another directly for computing power or data.

Mini glossary: The 402 Payment Required code is a status defined in HTTP standards, historically seldom used. It signals that payment is needed to access digital content or services; XRPL x402 adapts this logic for machine-to-machine payments.

This model eliminates the need for manual wallet management or purchasing complex API keys, automating payment flows. The rise in machine-to-machine payments using native tokens and stablecoins on the XRP Ledger has become a compelling narrative for XRP, especially amid the market’s upward momentum.

Technical outlook focuses on $1.3147 level

The increase in automated payments is also being watched for its implications on long-term supply dynamics, as a portion of the fee from every on-chain transaction is burned. This mechanism can gradually limit the total amount of circulating assets as network usage intensifies.

On the weekly chart, the midline Bollinger Band at $1.3147 emerges as the main threshold for determining whether the multi-month downtrend has been broken.

Should the recent momentum continue, attention will shift to the $1.3147 middle Bollinger Band on the weekly timeframe for XRP. Surpassing this level would provide a stronger technical indicator that the multi-month decline has ended. In that event, the $1.30 zone could once again become the focal point for buyers.