Key Highlights
- XRP rallied 10% in a 24-hour period, climbing from sub-$1 levels to reach $1.10, with an intraday peak of $1.10 from a session low of $0.9956.
- Futures trading volume for XRP reached $2.92 billion, approximately six times the monitored spot market volume, while liquidations totaled $9.13 million.
- Large holder transactions surged by 280% on August 18, recording more than 38 individual transfers exceeding $1 million each.
- United States-based XRP exchange-traded funds collectively hold approximately 1 billion tokens (994.72 million), with Bitwise registering the highest trading volume at $18.55 million.
- The U.S. Treasury’s bond buyback program announcement triggered lower yields and contributed to a market-wide crypto rally exceeding 5%.
XRP experienced a significant rally on Wednesday, advancing nearly 10% as the token moved from a 24-hour bottom of $0.9956 to touch an intraday peak of $1.10. Throughout most of August, the digital asset had remained consolidated around the $1 threshold, making this advance one of the most pronounced single-session rallies in recent trading periods.
The token also posted a 3.1% gain versus Bitcoin, indicating that XRP’s performance was not merely following broader cryptocurrency market momentum but was demonstrating independent strength relative to the overall digital asset sector.
On-Chain Metrics Signaled Accumulation Before Price Breakout
Prior to the price surge, blockchain data had already begun revealing signs of accumulation pressure. On August 18, large holder transaction volume jumped approximately 280%, with data showing more than 38 separate transfers valued at a minimum of $1 million each during a 24-hour window.
Network participation on the XRP Ledger had been trending upward as well. Analytics from Santiment indicated 49,929 active addresses on August 13, marking the highest level observed in more than two months. Average daily active addresses expanded from approximately 26,400 throughout July to roughly 35,700 during August.
$XRP just closed at its lowest since November 2024, and the on-chain read is more interesting than the price.
š 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.
š Activity picked up anyway. Activeā¦ pic.twitter.com/3JcxJjWNFd
ā Santiment Intelligence (@SantimentData) August 13, 2026
Market analyst Diana, sharing insights on X, observed that XRP successfully breached the critical resistance zone at $1.081 and advanced to approximately $1.12. She highlighted the 4-hour RSI registering around 87.6, suggesting overbought conditions, while identifying the subsequent resistance barrier near $1.145, with $1.20 representing a viable upside target should the token achieve a decisive breakout above that threshold.
šØ $XRP EXPLODES 12% After Ripple CEOās Trump Meeting ā SMASHES Through $1.08 Resistance as RSI Hits EXTREME Overbought Levels š¤Æš„
After weeks of fighting around $1.00, $XRP suddenly ripped nearly 12%, blasting straight through the major $1.081 resistance and reaching roughlyā¦ https://t.co/MqynN5V4vY pic.twitter.com/sKZyQWdkxG
ā Diana (@InvestWithD) August 19, 2026
Derivative market activity intensified considerably. XRP futures trading volume hit $2.92 billion, contrasting with approximately $505.8 million recorded in spot market transactions. Open interest stood at $2.81 billion, while forced liquidations totaled $9.13 million within the 24-hour period.
Corporate Developments and Institutional Adoption Provided Fundamental Support
On August 18, Ripple Prime completed a $275 million capital raise through a private offering of senior unsecured notes, which received a BBB credit rating from KBRA. Concurrently, Ripple disclosed a collaboration with Jeonbuk Bank, establishing it as South Korea’s inaugural regional banking institution to implement Ripple Payments for international remittance services.
American XRP investment vehicles maintained holdings of 994.72 million XRP tokens prior to the rally, approaching the 1 billion token threshold. Bitwise commanded the largest trading volume at $18.55 million, with Franklin Templeton following at $4.80 million.
Regulatory developments also emerged on August 18 when the SEC formally introduced its proposed Regulation Crypto Assets framework, establishing exemptions for specific cryptocurrency offerings. XRP has demonstrated heightened sensitivity to U.S. securities regulatory developments given Ripple’s previous legal proceedings with the SEC.
The U.S. Treasury Department’s declaration to expand liquidity-support buyback operations for longer-maturity Treasury securities ā increasing from $2 billion to $4 billion commencing September 9 ā drove long-term yields downward by as much as 10 basis points, pressured the dollar lower, and propelled Bitcoin beyond the $68,000 level.
As of Thursday, XRP is trading around $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 near 59. Market participants are monitoring the 100-day EMA at $1.1539 as the subsequent critical technical level.
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