XRP Records Monthly Gains Amidst Institutional Inflows and Whale Activity

XRP is currently positioned for a roughly 32% gain in August, marking its most significant monthly performance since July 2025. Despite a recent 5% daily pullback and a decline from highs near $1.70, the token is trading near $1.40.

Institutional demand remains a factor, with US spot XRP ETFs recording $23.87 million in net inflows on Aug. 25. This event extended a streak of positive flows to nine consecutive trading sessions and brought total August inflows to more than $80 million. Since their launch, these funds have reached cumulative net subscriptions of approximately $1.59 billion, with net assets totaling roughly $1.46 billion as of the end of Tuesday's session.

The XRP Ledger has also seen growth in dollar-denominated activity, specifically with the RLUSD stablecoin. As of Aug. 25, the circulating supply of RLUSD reached $2 billion, with nearly half of that supply located on the XRP Ledger. Data from Evernorth indicates that RLUSD outstanding on the ledger increased 39% since May 20, reaching approximately $934 million, even as the broader stablecoin market contracted by about 6% during a similar period.

Large holders have demonstrated significant activity on Binance, complicating the outlook for the token. CryptoQuant reported that whale inflows to exchanges reached 1.451 billion XRP over a 30-day period, the highest four-week total in four months. Conversely, large withdrawals from Binance also surged, reaching 231 million tokens by Aug. 21, a movement valued at more than $330 million at recent prices.

While exchange deposits are often associated with potential selling, they can also reflect portfolio reallocation or collateral management. Similarly, while large withdrawals can indicate accumulation, the simultaneous surge in both deposits and withdrawals leaves the overall positioning of large holders unclear.