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XRP jumps 10% in a day amid strong futures volume and institutional support

Market News
20 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

XRP surged 10% within 24 hours, rising from under $1 to an intraday high of $1.10, driven by a spike in large-holder transactions and intense futures trading volume of $2.92 billion. Institutional interest grew with U.S. ETFs holding nearly 1 billion XRP tokens and Ripple securing $275 million in funding. The rally was also supported by broader crypto market gains following U.S. Treasury buyback expansions and regulatory developments. Technical indicators suggest further upside potential, with XRP maintaining support above key moving averages and approaching new resistance levels.

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