XRP Whales Accumulate 300M XRP: Can a $1.50 Breakout Open a Run to $2

• XRP surged 53% from last week’s low, reaching $1.70 during the rally.
• XRP whales accumulated over 300M tokens worth $510M in just 96 hours.
• Holding $1.50 could clear the path toward $1.80 and the key $2 target.

XRP has staged a dramatic recovery, surging more than 50% from last week’s sub-$1 levels as whale accumulation adds fresh bullish momentum. The rally has pushed XRP as high as $1.70, with traders now watching whether the coin can establish a foothold above $1.50 and extend the move toward $2.

CoinMarketCap data shows XRP trading around $1.51, up 11.42% over the past 24 hours and significantly outperforming Bitcoin. The token traded as low as $0.9882 last week, meaning it has gained roughly 53% in less than a week.

The move has reignited speculation that XRP could revisit $2, but the next phase of the rally may depend on whether buyers can defend the latest breakout.

XRP Whales Accumulate More Than 300M Tokens

One of the strongest bullish signals behind XRP’s rally is the behavior of large holders. Analyst Ali Martinez highlighted Santiment data showing whales accumulated more than 300 million XRP in just 96 hours. Based on XRP’s recent high, the accumulation amounts to approximately $510 million. 

The scale of the buying is notable because hundreds of millions of XRP moving into large wallets reduce the amount of readily available supply if those tokens are being accumulated for longer-term holding. That creates a stronger demand backdrop as buying pressure increases. 

Notably, the accumulation came as XRP broke out of a prolonged downtrend and reclaimed levels that had acted as resistance for months.

Next Breakout Trigger

XRP’s recent move above $1.50 has shifted focus to whether the level can hold as support. This zone now acts as the key trigger that could decide the next phase of the rally. 

If buyers establish $1.50 as support after the recent spike, the path toward $1.80 and $2 becomes open. If buyers defend $1.50, the path toward $1.80 and $2 opens up.

Meanwhile, a failure to hold the breakout could send XRP back toward the $1.20-$1.15 region, where buyers would need to step in again to prevent the rally from turning into a failed breakout.

Ripple Prime’s $275M Raise Adds an Institutional Catalyst

XRP’s rally is also unfolding against a backdrop of expanding institutional activity around Ripple’s financial infrastructure.

On August 18, Ripple announced that Ripple Prime closed an upsized $275 million private placement of senior unsecured notes, its first offering of this kind. The notes received a BBB investment-grade rating from KBRA, with the proceeds earmarked for working capital and expansion of Ripple Prime’s U.S. business.

The raise is important for Ripple Prime’s institutional-growth strategy. Ripple Prime was created following Ripple’s $1.25 billion acquisition of Hidden Road and serves institutional clients across digital assets, foreign exchange, derivatives, swaps, and fixed income. Notably, the business clears more than $3 trillion annually for more than 300 institutional customers.

The additional capital could therefore strengthen Ripple Prime’s ability to expand its institutional infrastructure and deepen the connection between traditional finance and digital assets.

Can XRP Reach $2?

The ongoing whale accumulation, price recovery, and expanding institutional activity have put XRP bulls back in control of the narrative.

More than 300 million XRP, worth $510 million accumulated in 96 hours provides a notable demand signal. But the rally now faces a different challenge: holding the breakout. 

Defending the current $1.50 could open the door to $1.80 and $2. On the other hand, a rejection and return below $1.20-$1.15 would weaken the bullish setup.

Related: XRP’s Institutional Adoption Is Growing But Is Its Price Ready to Catch Up?