Ripple (XRP) Price: Token Jumps 10% to $1.10 as Whales, ETFs and Macro Tailwinds Align

TLDR

• XRP surged 10% from below $1 to $1.10 within 24 hours, hitting an intraday high of $1.10 from a low of $0.9956.
• XRP futures volume hit $2.92 billion, nearly six times tracked spot volume, with $9.13 million in liquidations.
• Whale transactions jumped 280% on August 18, with over 38 transactions above $1 million recorded.
• U.S. XRP ETFs hold nearly 1 billion tokens (994.72 million), with Bitwise leading at $18.55 million in volume.
• A U.S. Treasury buyback announcement pushed yields lower and lifted the broader crypto market more than 5%.

XRP climbed nearly 10% on Wednesday, moving from a 24-hour low of $0.9956 to an intraday high of $1.10. The token had spent most of August hovering near $1, making this rebound one of the stronger single-day moves in recent weeks.

XRP also gained 3.1% against Bitcoin, meaning it was not just riding a broader market wave. It was outperforming the wider crypto market on its own terms.

Whale Activity and Network Usage Rose First

Before the price moved, on-chain data was already showing signs of buildup. On August 18, whale transactions surged approximately 280%, with more than 38 transactions worth at least $1 million recorded in a single 24-hour period.

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