Toribash ranks aren't updated immediately after your streaks. A few hours after your last win, they are updated. So, while your rank is still and awaiting update, other people's ranks have been updated and, thus, gone down, making yours higher.
Hey got canned heat in my heels tonight baby
You know know know I'm gonna dance yeah
For example, a winning streak of 3 versus orange belts would not score you many points, and a player of the same rank as you beating high ranked player would score much higher. The system work, and as NoCheerios said, you need to be patient.