XRP surged 47.77% in seven days, climbing from under $1 to around $1.48 by August 23, with a market cap of $92.95 billion and daily volume of $22.45 billion. Spot XRP ETFs recorded their strongest week since May, with cumulative net inflows near $1.55 billion. However, technical indicators are flashing warnings: daily RSI reached 85.4, deep in overbought territory, while futures open interest jumped 34.49% to $3.66 billion, with 72.1% of Binance accounts positioned long. The article suggests trimming 20-30% of positions to lock in gains while maintaining exposure to potential further upside toward $1.65-$2. Despite structural bullish developments like Ripple CEO Brad Garlinghouse joining the CFTC’s Innovation Advisory Committee and RLUSD’s growing market cap to roughly $2.1 billion, the crowded leveraged positioning warrants caution.
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