🔥 XRP Erases Its Most Bearish SignalAnd the Ripple-Linked Coin Is Flying.

Today it closed above both moving averages for the first time since the pattern formed.By Jose Antonio LanzEdited by Guillermo JimenezAug 21, 2026Aug 21, 20264 min readXRP. Image: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief XRP jumped as much as 14.21% in 24 hours to $1.40, making it the best-performing asset among the top 10 cryptocurrencies by market cap today. The daily candle closed above both the 50-day and 200-day EMAs for the first time since XRP's death cross locked in earlier this month. The move rides the same Bitcoin short squeeze and Treasury-driven liquidity wave that's been ripping through crypto all week. Crypto is having one of its best weeks in months, and XRP just grabbed the wheel.

Bitcoin punched through $72,000 this week on the back of a record short squeezetraders who bet on lower prices getting forced to buy back at higher ones, which pushes the price up even furtherfueled by a U.S. Treasury plan to nearly double its long-bond buybacks starting September 9. Today Bitcon is trading above $77,000 with an intraday high of $79,000. Traders have nicknamed the move QE Lite, since loosening bond markets this way echoes the old Federal Reserve stimulus playbook even though it's coming from a different part of government. Risk assets across the board caught the bid.

❓ What's your take is this the start of a bigger move or just noise? Drop it below.

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