XRP surged 10.40% on Wednesday, its biggest single-day jump since February 6, then extended the rally Thursday to post roughly 30% weekly gains. The move was sparked by Bitcoin breaking above $72,000, fueled by a record short squeeze and a U.S. Treasury plan to double long-bond buybacks starting September 9. XRP’s Relative Strength Index spiked to 79.2, signaling deeply overbought conditions. Paradoxically, daily XRP ETF inflows fell from $5.81 million to $2.35 million during the spike, while the token still trades about 17.5% below its 200-day moving average, suggesting sustained gains would be needed to confirm a durable trend reversal.
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