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XRP breaks $1.20 as Ripple Prime closes $275M debt raise and whale accumulation hits 300M tokens

8/23/2026

$275 million in senior unsecured notes closed Aug.

18 under Ripple Prime's first private placement, carrying a BBB investment-grade rating from KBRA, with proceeds targeted at working capital and US expansion of the prime brokerage.

The offering arrives as $XRP trades at approximately $1.22, up roughly 18% over 24 hours per CoinMarketCap data, after whale wallets accumulated more than 300 million tokens over 96 hours, per Santiment data cited by analyst Ali Martinez.

| Metric | Figure | Source | |---|---|---| | Senior notes offering | $275M | Ripple Prime, Aug.