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XRP hits seven-month high at $1.67 with strong institutional inflows and rising market activity

Market News
22 Aug 2026, 11:00 WIB
AMBCrypto
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Bullish
XRP hits seven-month high at $1.67 with strong institutional inflows and rising market activity

XRP surged to a seven-month high of $1.67, up 15% on the day, driven by increased trading volume and strong institutional demand, including $18.3 million in ETF inflows. Whale activity showed fewer transfers to exchanges, suggesting reduced immediate selling pressure. Despite heavy liquidations in derivatives, open interest and volume rose, indicating ongoing speculative interest. If demand continues, XRP could target $1.94, but a drop below $1.30 remains a risk if liquidations spike again.

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