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FollowingXRP has risen about 40% in the past week, its strongest performance since a post-election rebound in November 2024. But the process experienced violent fluctuations, causing leveraged traders to lose approximately $500 million. The token fell to a low of $0.9862 in the week ending August 20, the same region it was in before its rebound in November 2024, and then rebounded to an all-time high near $3.65. Since then, its price has risen to about $1.69 and traded at around $1.44 on Wednesday, down about 4% on the day.
Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!
XRP soared 40% in a week, but leveraged traders lost $500 million
2026-08-27 00:48:16
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