Ripple (XRP) Rallies 10% to $1.10 Amid Whale Accumulation and ETF Holdings Surge

Key Highlights

• XRP rallied 10% in a 24-hour period, climbing from under $1 to reach $1.10, with an intraday peak of $1.10 from a session low of $0.9956.
• Derivatives activity intensified with XRP futures volume reaching $2.92 billion, roughly six times the monitored spot trading volume, accompanied by $9.13 million in liquidations.
• Large-holder transactions spiked 280% on August 18, recording more than 38 transfers exceeding $1 million each.
• Exchange-traded funds in the United States now control nearly 1 billion XRP tokens (994.72 million), with Bitwise accounting for $18.55 million in trading activity.
• The U.S. Treasury’s buyback program expansion drove Treasury yields down and catalyzed a broader cryptocurrency market rally exceeding 5%.

Ripple’s XRP token posted a substantial 10% gain on Wednesday, advancing from a 24-hour bottom of $0.9956 to touch an intraday peak of $1.10. Throughout most of August, the cryptocurrency had traded in a tight range around the $1 mark, making this advance one of the most significant single-session rallies in recent trading periods.

Against Bitcoin, XRP registered a 3.1% increase, demonstrating that the move wasn’t simply tracking general market momentum. The token was delivering independent outperformance relative to the broader digital asset ecosystem.

On-Chain Signals Preceded the Price Breakout

Blockchain data revealed accumulation patterns before the price action materialized. Large-holder activity surged approximately 280% on August 18, with data showing over 38 individual transactions valued at $1 million or more within a single day.

Network engagement on the XRP Ledger had been climbing as well. Santiment data indicated 49,929 active addresses on August 13, marking the highest level in more than two months. The average count of daily active addresses expanded from approximately 26,400 throughout July to around 35,700 in August.

$XRP just closed at its lowest since November 2024, and the on-chain read is more interesting than the price.

Price closed at ~$1.00 on Aug 12, the lowest daily close since Nov 2024 and roughly 69% below the January 2025 peak near $3.30.

Activity picked up anyway. Active… pic.twitter.com/3JcxJjWNFd

— Santiment Intelligence (@SantimentData) August 13, 2026

Technical analyst Diana shared insights on X, highlighting that XRP successfully breached the critical $1.081 resistance barrier and extended toward $1.12. She pointed to the 4-hour RSI reading of approximately 87.6, indicating overbought territory, while identifying the subsequent resistance zone near $1.145, with $1.20 representing a plausible objective following a decisive move above that threshold.

$XRP EXPLODES 12% After Ripple CEO’s Trump Meeting — SMASHES Through $1.08 Resistance as RSI Hits EXTREME Overbought Levels

After weeks of fighting around $1.00, $XRP suddenly ripped nearly 12%, blasting straight through the major $1.081 resistance and reaching roughly… https://t.co/MqynN5V4vY pic.twitter.com/sKZyQWdkxG

— Diana (@InvestWithD) August 19, 2026

Trading in derivatives markets exhibited considerable intensity. XRP futures recorded $2.92 billion in volume, significantly outpacing spot market activity of roughly $505.8 million. Total open interest measured $2.81 billion, while forced liquidations totaled $9.13 million across the 24-hour window.

Institutional Developments Provided Additional Support

Ripple Prime secured $275 million on August 18 via a private placement offering of senior unsecured notes, receiving a BBB credit rating from KBRA. That same day, Ripple unveiled a collaboration with Jeonbuk Bank, positioning it as South Korea’s first regional financial institution to implement Ripple Payments technology for international money transfers.

United States-based XRP investment vehicles accumulated 994.72 million XRP tokens prior to the rally, approaching the 1 billion threshold. Bitwise commanded the highest trading volume at $18.55 million, with Franklin Templeton following at $4.80 million.

The Securities and Exchange Commission officially introduced its Regulation Crypto Assets proposal on August 18, establishing exemptions for specific cryptocurrency offerings. XRP maintains particular sensitivity to U.S. securities frameworks following Ripple’s prolonged regulatory battle with the SEC.

The Treasury Department’s declaration to expand liquidity-support buybacks for longer-maturity securities — doubling the program from $2 billion to $4 billion effective September 9 — compressed long-end yields by as much as 10 basis points, pressured the dollar lower, and propelled Bitcoin beyond $68,000.

As of Thursday, XRP is changing hands near $1.0951, maintaining support above its 50-day exponential moving average positioned at $1.0764. The MACD indicator has generated a bullish crossover above its signal line, while the RSI registers approximately 59. The subsequent technical milestone to monitor is the 100-day EMA located at $1.1539.

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