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XRP price jumps nearly 50%, adding $30B in market cap within a week amid strong crypto rally.

Market News
24 Aug 2026, 13:46 WIB
Finbold
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Bullish
XRP price jumps nearly 50%, adding $30B in market cap within a week amid strong crypto rally.

XRP's price surged from $0.99 to $1.47 in a week, boosting its market cap by about $30 billion to nearly $92.85 billion. This rally was driven by the U.S. Treasury's plan to double buybacks of long-term government debt and a sharp reduction in bearish crypto positions, which liquidated $3.35 billion in crypto assets. Despite this rebound, XRP remains down 50% for the year and well below its 2018 peak. Analysts suggest XRP's next key test is holding above $1.65 weekly; failure could see it retreat to $0.85-$1.05 as a bottom zone.

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