On August 19th, Solana and Ripple each surged 10%, fueled by a Bitcoin-led rally and massive short squeezes. Solana reclaimed its 200-day moving average for the first time since November, hitting a 3-month high of $87.20. XRP climbed from $1.00 to $1.10 but remains below its 200-day MA at $1.27. Short liquidations totaled nearly $100 million for SOL and $16.5 million for XRP in 24 hours. U.S. spot ETFs for SOL and XRP saw $2.1 million and $2.35 million in daily net inflows respectively.
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