XRP Price: Whales Are Going Crazy - 300M Tokens Snapped Up as XRP Explodes 20%

TLDR

• XRP climbed over 20% and hit $1.16, driven by a broad crypto market recovery and regulatory optimism from Washington.
• More than 300 million XRP tokens were accumulated by whales in just 96 hours.
• Over $1.5 billion in crypto short positions were liquidated, adding fuel to the XRP rally.
• XRP ETFs recorded net inflows, with Bitwise and Franklin Templeton leading the way.
• The $1.20–$1.25 zone is now the key technical area to watch for the next move.

XRP jumped more than 20% over the latest trading period, pushing from around $1.00 toward the $1.15–$1.25 range. Trading volume surged 392.81% to $4.22 billion in 24 hours, showing strong market participation.

The rally came alongside a broader crypto market rebound. Bitcoin climbed 11% and briefly touched $71,500, its highest point in 80 days. The total crypto market cap rose 10.94% to $2.44 trillion.

A key trigger was a White House crypto summit on August 19. President Donald Trump called on Congress to pass the CLARITY Act, which aims to set clearer rules for digital assets. Brad Garlinghouse, CEO of Ripple, was present at the meeting.

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