XRP rallies 40 percent in a week, reclaims May highs above $1.40
XRP jumped 40 percent over seven days to reach $1.40, its highest level since mid-May, outpacing both Bitcoin and Ethereum over the same period.
XRP traded at $1.40 on August 21, representing a 6.8 percent gain over 24 hours and marking the first time the token had traded above that level since May 18. The week-long move from $0.998 on August 14 put XRP ahead of Bitcoin's roughly 23 percent weekly gain and Ethereum's 28 percent rise.
The price spent the first eight days of the week hovering near the $1 mark before breaking higher in stages: to $1.10 on August 19, $1.27 on August 20, and $1.40 by August 21. The broader market provided the backdrop, with Bitcoin's advance above $77,000 lifting total crypto market capitalisation by around 5 percent to $2.6 trillion within a single day. The Fear and Greed Index stood at 73 points, in greed territory.
XRP's outperformance reflected more than index-level momentum. Trading volume climbed just under $10 billion over 24 hours, roughly 60 percent above the prior day and exceeding the combined daily volumes of Solana and Hyperliquid. The move also represented a partial recovery from an earlier dip that had pushed XRP to its lowest level in two years, with forced short covering adding to the pace of the rally as liquidations cascaded through thin order books.
Capital rotation played a role as well. Bitcoin dominance hovered just under 60 percent despite XRP, Ethereum and Hyperliquid recording the week's largest gains, suggesting that money was shifting from the market leader into second-tier assets—a pattern often seen in later stages of a market advance.
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