---
title: "XRP Price Jumps over 11% to $1.23. Will Bitwise ETF Inflows Drive a Bigger XRP Surge?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296509865.md"
description: "XRP surged over 11% to $1.23, breaking short-term resistance amid strong institutional interest driven by Bitwise ETF activity. The Bitwise XRP ETF recorded significant trading volume, marking its busiest day since mid-June, with total daily XRP fund volume reaching $31.66 million. Despite modest new cash inflows, Bitwise remains the leading XRP fund. Traders identify $1.25 as the next key hurdle; a breakout could target $1.36, supported by growing mainstream adoption through traditional investment vehicles."
datetime: "2026-08-20T14:57:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296509865.md)
  - [en](https://longbridge.com/en/news/296509865.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296509865.md)
---

# XRP Price Jumps over 11% to $1.23. Will Bitwise ETF Inflows Drive a Bigger XRP Surge?

XRP's price (**XRP-USD**) climbed more than 11% in a single day to reach $1.23. This is a big change for XRP after weeks of flat price moves where it stayed trapped between $1.00 and $1.13.

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The move pushes XRP safely past its short-term floor of $1.05 to $1.08. Trading volume picked up as buyers stepped back into the market. However, price charts show that XRP still trades below its longer-term average near $1.36. This makes the $1.25 level the main hurdle for buyers to clear next.

## **Bitwise XRP ETF Activity Shows Strong Institutional Interest**

A big reason for the recent price jump is growing interest in crypto investment funds. Bitwise CEO Hunter Horsley shared that the Bitwise XRP ETF saw about $20 million in trading volume on August 19. That made up 6.6% of all trading across Bitwise's funds that day. Total daily volume across all XRP funds reached $31.66 million. This marked their busiest trading day since mid-June.

Even though new cash entering the Bitwise fund stayed small at $1.19 million, it remains the top XRP fund on the market. Bitwise currently manages over $322 million in total assets for its XRP fund. This puts it well ahead of competing funds run by Canary Capital (XRPC) and Franklin Templeton (XRPZ).

## **XRP Targets $1.25 Resistance**

Traders say holding above $1.05 is key if XRP wants to keep its gains. If buyers can push XRP's price past $1.25 on high volume, it opens up room to test the $1.36 mark next.

Following a trend first set by Bitcoin, XRP is getting a boost as traditional investment funds give mainstream buyers a simpler way to buy in. If fund volume keeps rising, the current price jump is likely to give buyers solid footing to aim for higher targets.

At the time of writing, XRP's price is sitting around $1.23.

### Related Stocks

- [XRP.US](https://longbridge.com/en/quote/XRP.US.md)
- [XRPR.US](https://longbridge.com/en/quote/XRPR.US.md)
- [GXRP.US](https://longbridge.com/en/quote/GXRP.US.md)
- [XRPZ.US](https://longbridge.com/en/quote/XRPZ.US.md)

## Related News & Research

- [XRP is trading near a 52-week low of $1. Here's what to do if XRP drops below a buck.](https://longbridge.com/en/news/296007024.md)
- [XRP Tests $1 For 8 Days in a Row: Which Way Does It Break?](https://longbridge.com/en/news/296111093.md)
- [How low can XRP go? We asked 3 AI models where XRP bottoms](https://longbridge.com/en/news/296001461.md)
- [XRP Whale Activity Surges 280% but Price Remains Around $1: What's Going On?](https://longbridge.com/en/news/296250263.md)
- [XRP Open Interest Hits 2-Month High: Is That Bullish?](https://longbridge.com/en/news/296347163.md)