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XRP Rides Bitcoin's Historic Short Squeeze to Best Weekly Gain Since November 2024

Guavy AI Editorial Team
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BTC XRP
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XRP's price surged to its best weekly gain since November 2024, climbing from around $1.00 to above $1.10 as Bitcoin ripped higher on the back of a historic short squeeze.

The token had been languishing near or below $1.00 for much of mid-August, but prices pushed above $1.10 by the end of the week, with some sessions seeing XRP touch as high as $1.31 during peak momentum.

This rally was almost entirely a function of Bitcoin dragging the broader market higher, which analysts flagged as a textbook example of altcoin beta: when Bitcoin moves sharply, altcoins tend to move even more sharply.

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