XRP is down 8.48 percent over the past seven days, trading around $1.3672 after a daily candle that opened at $1.3793, tapped $1.3963 and closed 0.91 percent lower. On a screener full of red numbers that looks like just another altcoin bleeding out.
XRP/USD Chart It is not. $XRP was the single best performing large cap in crypto ten days ago. It went from roughly $1.00 to an intraday high of $1.6963 in five sessions, its strongest week in 21 months, and finished August up around 28.5 percent, its best August since 2021.
So the honest framing of this week is not "XRP crashed". It is "XRP gave back part of a violent, leveraged, macro-driven spike". Those are very different setups for anyone thinking about buying, and the difference is the whole article.
Why Did XRP Fall 8% This Week?
Because the thing that pushed it up was never really about XRP.
On August 19 the US Treasury announced it would expand its buyback...
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