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News
Aug 21, 2026
1min read
byAnjali Belgaumkar
forCoinpedia
<img src="https://xpertsstudio.com/wp-content/uploads/2026/08/<a href="https://xpertsstudio.com/xrp-surges-30-in-a-week-outpacing-bitcoin-as-etf-flows-fail-to-keep-pace/” title=”XRP Surges 30% in a Week, Outpacing Bitcoin, as ETF Flows Fail to Keep Pace”>Bitcoin-Ethereum-and-XRP-Price-Enter-Historically-Low-Risk-Zones.jpg” alt=”Crypto Rally Alert: XRP Posts 13% Daily Gain, Surpassing Bitcoin and Ethereum” loading=”lazy”>
Crypto markets rallied as XRP jumped 13.6% to $1.39, extending a weekly gain near 40%, while Bitcoin climbed 7.2% to $77,393.67 and Ethereum rose 4.6% to $2,403.59, lifting total crypto market capitalization to about $2.68 trillion on $163.7 billion 24-hour volume and signaling strong token performance and adoption momentum. The surge triggered a derivatives-driven short squeeze that wiped $3.787 billion from short positions over four days, including a $941 million short liquidation at 20:00 UTC on August 19, and although historical five-sigma moves point to continued upside, analysts flag resistance near $80,000, support around $72,000 and the risk of a short-term pullback.
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XRP rose 13.6% over 24 hours to $1.39, extending a weekly gain of nearly 40% and outperforming both Bitcoin and Ethereum as broader crypto markets rallied on Thursday. Bitcoin climbed 7.2% to $77,393.67, while Ethereum gained 4.6% to $2,403.59, up 28.3% for the week.
The total crypto market capitalization reached approximately $2.68 trillion, with 24-hour trading volume of $163.7 billion. Other major tokens also advanced, with Solana up 5.2% to $91.55 and Hyperliquid up 5.9% to $76.45, both posting stronger weekly gains than Bitcoin over the same seven-day period.
The rally has been accompanied by heavy losses for traders betting against the market. Data showed short positions losing $3.787 billion over four days, compared with $687 million in losses for long positions over the same period. The largest single liquidation window came at 20:00 UTC on August 19, when $941 million in short positions were closed within four hours, marking one of the sharpest liquidation events on record for the crypto derivatives market.
Bitcoin’s advance has drawn comparisons to prior rare upside moves. According to data, Bitcoin has closed a trading day at a five-sigma move to the upside 14 times since 2013. Median returns following such events were 4.8% after one week, 11.8% after one month, 15.1% after three months, and 84% after six months, according to the same data set.
Experts flagged important technical levels for Bitcoin going forward, including resistance near $80,000 and potential support around $72,000. Some market participants warned that a short-term pullback remains possible following the scale of the recent move, even as underlying momentum in the broader market remains positive heading into the weekend.
Source: cryptorank.io