---
title: "XRP sees highest weekly gains since 2024 election pump due to Bitcoin short squeeze, despite borrowed momentum."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296524813.md"
description: "The token experienced its most significant daily and weekly increases in months during Bitcoin's historic sell-off, marking a record number of liquidations. However, analysis of ETF inflows and futures information suggests that the surge may be fueled by temporary momentum."
datetime: "2026-08-20T17:47:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296524813.md)
  - [en](https://longbridge.com/en/news/296524813.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296524813.md)
generator: "portal-rs"
---

# XRP sees highest weekly gains since 2024 election pump due to Bitcoin short squeeze, despite borrowed momentum.

The token experienced its most significant daily and weekly increases in months during Bitcoin's historic sell-off, marking a record number of liquidations. However, analysis of ETF inflows and futures information suggests that the surge may be fueled by temporary momentum.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**