XRP Surges 32% in August as ETF Money Pours In and Whales Reposition

XRP has rebounded by 32% from its price low of $1 in August, making it the cryptocurrency's strongest monthly gain in over a year. According to CryptoRank's data, XRP is on track to post a 32% increase for the month, which would be its best since July 2025 when it rose about 35%. The recovery has been accompanied by increased demand for US spot exchange-traded funds (ETFs) and rising stablecoin activity on the XRP Ledger.

The latest inflow into US spot XRP ETFs was $23.87 million, which is the largest daily inflow since May 11 when they attracted $25.8 million. This month's rebound has coincided with renewed fund demand and broader activity around XRP and its underlying network.

Another source of liquidity on XRPL has been the growth of Ripple's RLUSD stablecoin, which crossed $2 billion in circulating supply last week. About $963 million of RLUSD was circulating on XRPL as of August 25, with roughly $1.05 billion on Ethereum, putting nearly half of the stablecoin's total supply on the XRPL less than two years after its December 2024 launch.

However, large holders have also become more active in recent weeks, moving billions of XRP through Binance. According to CryptoQuant data, whale inflows into Binance reached approximately 1.451 billion XRP over 30 days, the highest four-week total in four months, after declining through July and early August.