Crypto

XRP Breaks $1.50 as Whale Accumulation and Institutional Support Fuel Rally

Guavy AI Editorial Team Published August 22, 2026

Instruments

BTC XRP RPL

Ripple's XRP token has surged past $1.50 after an 11% gain in 24 hours, outperforming a flat Bitcoin price.

The rally is driven by positive ecosystem developments and aggressive whale accumulation, with Ripple voting in favor of the Permission Delegation amendment for the XRPL v3.3.0 upgrade, which will attract regulated institutions.

Ripple Prime also closed an upsized $275 million senior-notes offering, providing fresh capital for its institutional brokerage business.

On-chain data shows whales accumulating over 300 million XRP in 96 hours as the price rose, accompanied by $13.24 million in net inflows to U.S. spot XRP ETFs on August 20.

The Wire

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