XRP Rallies 50% in Largest Jump This Year

XRP has staged one of its most powerful rallies this year, jumping nearly 50% from recent lows to reach $1.6963 on August 22, its highest level since January.

The token's explosive advance is driven by a combination of accelerating ETF inflows, persistent accumulation by large holders, and a broader improvement in risk appetite across the cryptocurrency market.

XRP's relative strength index has reached 85.4, an extremely overbought level not seen since July last year, raising concerns about whether the momentum can be sustained.