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24/7 Wall St.

How XRP Went From a Cycle Low to a Three-Month High in Four Days

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How XRP Went From a Cycle Low to a Three-Month High in Four Days
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XRP has surged from its Aug. 17 cycle low of $0.9877 to around $1.50, marking a roughly 52% move in four days and lifting the token to its highest level in three months. The breakout came after XRP repeatedly failed to sustain rallies above $1.40, a level it finally cleared on Aug. 21. Between the Aug. 17 low and $1.43 on Aug. 21, XRP gained nearly 45%, moving market capitalization from about $62 billion to $94.2 billion on an estimated circulating supply of roughly 63 billion tokens. On Aug. 21, 24-hour trading volume reached $10.39 billion and rose to $12.73 billion today. The article cites catalysts including lower 30-year Treasury yields after policy comments and market anticipation around the CLARITY Act, plus whale accumulation and ETF-related flows.

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