XRP Surges in Strongest Week Since 2024 Election – Rides Bitcoin Wave

Sometimes it only takes a single jolt, and suddenly everything moves—this is how it felt for XRP over the past week. The token, which usually stumbles between regulatory gray zones and market whims, has come back with a performance that even seasoned traders are stunned by: over 30% gains in a single week, the steepest daily rallies in months. And all of this while Bitcoin charges through the crypto markets like a wild bull.
But is this the big breakthrough—or just a fleeting hype destined to collapse just as quickly? I dove into the numbers, spoke with traders, and analyzed the technical charts. Spoiler: the truth lies somewhere in between.
---
Bitcoin as an Accelerant: Why XRP Suddenly Took Off
It’s almost an irony of the crypto market: XRP, a token that often positions itself as a standalone alternative to Bitcoin, is benefiting this time primarily from Bitcoin’s own turbulence. The trigger? A massive liquidation wave in the Bitcoin futures market. In the week of February 18–24, around 170,000 Bitcoin positions were force-closed—a historic number that mostly affected short bets. Suddenly, traders had to cover their wagers against rising prices, sparking a classic short squeeze.
And XRP? The token, known more for its enduring regulatory struggles than anything else, rode the wave thanks to its high market liquidity and strong correlation to Bitcoin. The news that Ripple Labs had finally settled its long-running legal battle with the SEC only added fuel to the fire: institutional buyers suddenly felt emboldened to re-enter XRP.
For me, this was one of the most fascinating observations of the week: a token that spent years in regulatory limbo used that very uncertainty as a springboard for a rally. Sometimes, it doesn’t take crystal-clear fundamentals—just the right moment. And XRP had just that this week.
---
ETF Flows and Futures: A Wobbly Foundation
Yet as impressive as the rally has been, the euphoria remains largely alone on the dance floor. While Bitcoin ETFs recorded record inflows last week, XRP was largely left out in the cold. Major ETF providers remain skeptical of XRP, likely due to lingering regulatory uncertainty.
And if you look at futures data, things get even shakier. Open interest in XRP futures has surged—always a red flag. Traders are piling into long positions, often w



ith high leverage. Should the market even hiccup, it could trigger a cascade of liquidations that would send prices spiraling downward.
I’ve seen this movie before: a token rockets up, everyone talks of a new era—and then, within hours, it’s all over. The question is simple: will XRP be the exception this time?
---
Technical Analysis: Resistance and Potential Correction
Take a look at the charts, and things get even more interesting. XRP has now hit a key resistance level around $0.65—a level it failed to sustainably break back in April 2024. A clean breakout would be bullish, but so far, the resistance holds firm.
Then there are the on-chain data: large wallet addresses (those holding over $1 million in XRP) have started trimming their balances in recent days. That could be an early warning sign—or just profit-taking after a strong rally.
---
Regulatory Rays of Hope
Despite the skepticism, there are glimmers of light at the end of the tunnel. While the SEC has settled its lawsuit with Ripple Labs, regulatory clarity remains murky. If the incoming U.S. administration under President Trump follows through on its pro-crypto rhetoric, XRP could stand to gain long-term.
Moreover, Ripple Labs continues to push new use cases for XRP, particularly in banking and payments. If the company can establish real-world utility, it could reduce its dependence on speculation.
---
Conclusion: Cautious Optimism with Risks
XRP’s recent performance is undeniably impressive. That the token managed to shine even during a period of broader market uncertainty speaks to a certain resilience. But—and yes, there’s a big but—the rally remains fragile.
As long as sustainable institutional inflows and tangible utility don’t materialize, the risk of a sharp correction remains high. Investors should keep a close eye on key developments:
- Will XRP break through the $0.65 resistance level?
- How will ETF flows and futures positions evolve?
- Are there new regulatory clarifications on the horizon that could stabilize the token long-term?
The crypto markets remain unpredictable—and XRP has just proven that it can be among the winners in stormy times. Whether it can sustain that remains to be seen. My advice? Don’t go all-in. Watch closely. And above all: avoid overheated positions. The market can reverse faster than it rose.