XRP climbed nearly 3% in the last 24 hours to $1.1194. On the daily chart, the token moved back above the Bollinger Band midline at $1.1112, putting the upper band at $1.2320 into focus as the next short-term technical level.
The move has coincided with a sharp rise in transactions executed by AI agents on the XRP Ledger, with activity nearing 1 million transactions. In the source report, the recent rebound in XRP was linked to this jump in automated network usage, where machines are paying each other directly for data and computing resources.
XRPL x402 centers on machine-to-machine payments
The technology behind that momentum is XRPL x402, a payment facilitator built by the t54 team with support from Ripple. Ripple, described in the report as a US fintech company focused on cross-border payment technology, is closely tied to the effort. The system uses the internet’s native 402 Payment Required code so AI bots can settle payments between themselves.
That code has existed in HTTP standards for years, though it has rarely been used in practice. Its basic function is simple: payment is required before access to a digital service or piece of content is granted. XRPL x402 applies that concept to machine payments, reducing the need for manual wallet handling and removing the extra step of buying and managing complex API keys.
Fee burn mechanism draws renewed attention
As machine-to-machine payments using native tokens and stablecoins expand on XRPL, market watchers are also looking at the long-term supply effect. A portion of the fee from every on-chain transaction is burned. More usage means more fees, and that gives the mechanism greater relevance over time.
That burn feature is not presented as a standalone driver, but it has become part of the current XRP discussion. Automated payment flow on the ledger is rising, and the supply impact of constant fee burns is back in view.
$1.3147 on the weekly chart is the key threshold
On the higher timeframe, the source highlights the weekly Bollinger Band midline at $1.3147 as the main level for judging whether XRP has broken out of its multi-month downtrend. If recent momentum holds, that price area becomes the central technical marker.
A move above $1.3147 would offer a stronger signal that the longer decline has ended. In that case, the $1.30 zone could return as the main area watched by buyers.