XRP Price Prediction – Bulls Target $1.23 as Tighter Escrow Support Gains

Highlights:

• XRP gains as tightening escrow and rising ETF demand embolden buyers. 
• XRP price targets $1.23 as bulls defend $1.01 on improving short-term sentiment.
• The price could rally toward $2, though inflation data poses risks.

XRP (XRP) is in the green on a day that the broader cryptocurrency market is sending mixed signals. At press time, XRP was trading at $1.02, up 1.8% in the day. XRP trading volumes are also on the rise today, up 18.64% to stand at $1.39 billion. Rising volumes alongside the price indicate that bulls are firmly in control and that XRP could be headed higher in the short term. There are solid factors that support a potential upside for XRP in the short term. 

Tightening XRP Escrow in August Could Push the Price Higher

Ripple escrow moves are one of the factors drawing attention to XRP. Ripple typically releases about 1 billion XRP to the market each month, and any unused amount is returned to escrow. Earlier this month, Ripple released one billion XRP from escrow, as is customary.

🧨💥 1 BILLION XRP UNLOCKED.” 😱 The XRP escrow system was designed to create transparency and predictability around supply. Ripple originally locked 55 billion XRP into escrow, with scheduled releases that limit how much can enter circulation at once. #XRP #XRPL #Ripple #Crypto pic.twitter.com/TfjcSfc1Yj

— kamilhstevenson (@stevensonK07) August 11, 2026

However, 700 million of these XRP have been re-escrowed. This has excited the market because the supply pressure associated with the release has been reduced. With the broader cryptocurrency market increasingly sending bullish signals, the re-escrow of 700 million XRP could keep the price moving higher in the short term. 

Growing Demand for XRP US ETFs Could Push XRP Higher

XRP is also getting a boost from its US ETF, continuing to record strong inflows. This is boosting prices due to the large-purchase nature of institutional ETF buyers. It is also creating a positive impression among retail investors that there is institutional demand for XRP. This could drive retail FOMO into XRP, especially if the broader cryptocurrency market continues to push higher. 

Analysts Increasingly Bullish on XRP

Market analysts are also contributing to bullish sentiment around XRP. For a while now, XRP has traded around $1, but buyers have managed to hold this level. Now that the price is starting to edge higher, away from $1, analysts are in consensus that this price level is support and that bears have failed at it. The result is a wave of speculation that XRP could reach $2 or higher in the foreseeable future. As more traders buy into such speculation, XRP could end up outperforming most altcoins.

$XRP
DEFENDS $1 LIKE A CHAMPION

Sharp dip to $0.99 → instant rejection → strong recovery back above $1.02.

Bulls just showed up pic.twitter.com/YAzRdiX5Si

— Julia Keller (@JuliaKellerX) August 11, 2026

Macro Factors Pose Risk to XRP Despite Intraday Rally

Despite the confluence of bullish factors, XRP still faces some short-term risks. The biggest one is the incoming US inflation data coming out later today. If the data comes out indicating that inflation remains an issue, risk-on assets could drop hard. That’s because such data would significantly increase the risk of the Federal Reserve raising interest rates in September.

🚨 Major Market Catalysts This Week

Wednesday 🔥
🔥 8:30 AM — CPI Inflation
💰 8:30 AM — Core CPI

Thursday 📊
📈 8:30 AM — PPI Inflation
📋 8:30 AM — Jobless Claims
🎙️ Fed Speakers

Friday 🛍️
🛍️ 8:30 AM — Retail Sales
🏭 9:15 AM — Industrial Production
⚙️ 9:15 AM — Capacity…

— Lemonade Trades (@Lemonade_Trades) August 9, 2026

A correction across risk-on assets could see XRP drop to prices under $1 in the short term. The war in Iran is also an ongoing risk to XRP. While there appears to be progress on this front, a single social media post from President Trump about escalation could send all markets tumbling. Overall, if the macro environment remains stable, internal fundamentals favour further gains in XRP. 

Technical Analysis – XRP Price Bounces Off Key Support as Momentum Builds Up

XRP is making minor intraday gains after bouncing off the $1.01 support. If bulls sustain momentum, XRP could rally to $1.23 in the short term.

If the bulls fail, two scenarios could play out in the day. The first is a possible consolidation above the $1.01 support. The second is a correction through the $1.01 support that could send XRP price dropping to $0.70 in the short term. Of these scenarios, a rally to $1.23 is more likely. This is due to the recent re-escrow and rising bullish sentiment across the market.