Investment
Features
FeesSafety
Academy
More
Pluang+

XRP posts strongest weekly gain since 2024 election amid $2.7B Bitcoin short squeeze

Market News
20 Aug 2026
Crypto Briefing
View Source
Bullish
pluang ai news

XRP surged over 10% in its best week since the 2024 US election, climbing above $1.10 as Bitcoin rallied sharply due to a historic $2.7 billion short squeeze. Bitcoin's rapid rise from around $63,000 to highs near $71,750 forced massive short liquidations, fueling a broader crypto market rally that lifted XRP and other altcoins. This move highlights the continued influence of Bitcoin's price swings on altcoins and signals elevated leverage in crypto derivatives markets, which investors should watch for future volatility.

More News (XRP)

XRP price jumps 16%, breaks key resistance, eyes $1.50 after rally from $0.98 low

XRP price jumps 16%, breaks key resistance, eyes $1.50 after rally from $0.98 low

XRP price surged about 16% in 24 hours to around $1.15, recovering from a recent low near $0.98. The token broke above a descending trendline that had capped gains since July 2025 and closed above its daily 50-day EMA for the first time in over three...

Technical Signals
Bullish
4 hours ago
Ripple CEO highlights XRP's growing adoption as crypto gains mainstream US acceptance after White House summit.

Ripple CEO highlights XRP's growing adoption as crypto gains mainstream US acceptance after White House summit.

At a landmark crypto summit hosted by the White House, Ripple CEO Brad Garlinghouse emphasized that crypto is no longer fringe, with 67 million Americans holding cryptocurrencies, nearly one in four. President Trump reaffirmed the US as the 'crypto c...

Market News
Bullish
5 hours ago
Ripple launches institutional lending on XRP Ledger, entering $10B private credit market with Clearpool and Cicada.

Ripple launches institutional lending on XRP Ledger, entering $10B private credit market with Clearpool and Cicada.

Ripple has entered the $10 billion private credit market by upgrading the XRP Ledger (XRPL) with new institutional lending features developed in partnership with Clearpool Finance and Cicada Partners. This initiative enables real-world businesses, su...

Protocol Fundamentals
Bullish
6 hours ago
XRP nears $1.15 resistance amid overbought signals, with DeFi and ETF inflows possibly pushing it to $1.20.

XRP nears $1.15 resistance amid overbought signals, with DeFi and ETF inflows possibly pushing it to $1.20.

XRP's price is approaching a key resistance level at $1.15, which it has failed to break twice since July. Technical indicators show XRP is overbought, suggesting a possible pullback. However, strong growth in DeFi activity on the XRP Ledger and sign...

Technical Signals
Bullish
7 hours ago
XRP breaks out with whales adding 190M coins, sparking bullish momentum and a 6.8% upside target.

XRP breaks out with whales adding 190M coins, sparking bullish momentum and a 6.8% upside target.

XRP has broken out of a two-week trading range, driven by large holders adding 190 million coins in a single day, signaling strong bullish momentum. The price rose 22.4% over the past week to $1.23, supported by nearly 1.9 million daily transactions ...

Technical Signals
Bullish
7 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App