XRP Had One of Its Best Days Since 2020, but Is the Price Rally Worth Trusting?

The XRP price rally stole a rare spotlight on August 19, jumping 10.40% and beating Bitcoin’s 7.13% as a record short squeeze lifted the whole market. For anyone asking why XRP is going up, the squeeze is the spark, but the token added strength of its own.

Yet the money that confirms rallies, the history of days like this, and XRP’s own chart all point the same way, toward caution. How Strong Was the XRP Price Rally, Really? Stronger than it looks at first glance.

XRP finished third among the eight largest coins, behind Ethereum’s 17.46% and Solana’s 10.82%, but ahead of Bitcoin and the 6.99% median gain of its large-altcoin peers. XRP vs Major Coins on August 19: BeInCrypto The stronger evidence sits underneath.

Based on how XRP has tracked Bitcoin over the past 180 days, Bitcoin’s move should have lifted it about 6.57%. It delivered 10.40% instead, a 3.83-point bonus that made this XRP’s biggest daily jump since February 6 (21%).