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XRP outpaced major cryptocurrencies on August 26, rising about 6% as broader market sentiment improved and Bitcoin reclaimed the $111,000 level. Solana, dogecoin and ether also pushed higher during the session, helping lift risk appetite after a choppy start to the week. CME’s crypto futures complex, meanwhile, notched roughly $30 billion in open interest, a sign of persistent institutional engagement even as spot prices whip around.
The rebound follows a bruising Monday that saw bitcoin’s bounce fade and ether slide roughly 8%, setting a cautious backdrop for traders heading into Tuesday. With BTC stabilizing above $111K, altcoins had room to run, and XRP grabbed the top-gainer slot among large-cap tokens. Analysts pointed to improving breadth across majors and a pickup in derivatives activity as tailwinds for the move.
Derivatives flows were an important subplot. Rising open interest at the CME suggests traditional finance desks are staying active, using futures to express directional views or hedge exposure during macro-driven swings. That backdrop appeared to favor high-beta names like SOL and DOGE alongside XRP, which often respond more sharply once bitcoin steadies.
Still, the advance came with caveats. After the prior day’s washout, positioning remains fragile and headline risk elevated, leaving the market susceptible to sharp reversals if BTC fails to build on gains. For now, though, the combination of bitcoin back above a key round number and rising institutional participation gave altcoins a window to rally.
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