XRP Notches Best Week Since 2024 Election Pump on Bitcoin Short Squeeze

XRP has achieved its strongest weekly performance since the 2024 election pump, driven by a significant Bitcoin short squeeze. The token experienced its steepest daily and weekly gains in several months, coinciding with a record liquidation wave in Bitcoin. However, current futures data and ETF flows suggest that this upward movement may be based on borrowed momentum, indicating potential instability despite the recent surge in price and trading volume for the digital asset.