XRP Rallies Over 50% in a Week Following White House Crypto Summit
What happened: Ripple's XRP token surged more than 50% over the past week, with Watcher.
What happened: Ripple's XRP token surged more than 50% over the past week, with Watcher.Guru reporting a high of $1.60 (though most outlets put the peak closer to $1.36–$1.43). The rally was driven by macro tailwinds from the Treasury buyback and a high-profile White House crypto summit attended by Ripple CEO Brad Garlinghouse, Coinbase CEO Brian Armstrong, and key regulators. Whale accumulation and $1.25 billion in short liquidations further fueled the move, alongside $5.81 million in spot XRP ETF inflows on August 18.
Why it matters: The price action underscores how policy signals and regulatory engagement can catalyze outsized moves in major altcoins, especially when combined with macro liquidity shifts. However, the rally appears more sentiment-driven than rooted in XRP-specific fundamentals, and price discrepancies across outlets highlight the volatility and data fragmentation in crypto markets.
Source: Watcher.Guru