The U.S. Treasury’s plan to double the scale of its Treasury buyback operations is expected to take effect on Sep. 9; XRP is poised to break through the $1.70 mark, with holders potentially earning $10,000 daily

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. The U.S. Treasury Department fully launched its government debt buyback program on Sep. 7, boosting market expectations regarding the near-term liquidity of Bitcoin and XRP. Summary The U.S. Treasury plans to raise its long-term bond buyback cap from $2 billion to $4 billion on Sept. 9. The Treasury reportedly aims to repurchase about $38.25 billion in bonds during September. The report identifies $1.70 as XRP’s key resistance, with $2 presented as the next potential target. EiCrypto promotes cloud-mining contracts for XRP holders, though its advertised returns are not guaranteed. The program has a weekly cap of $14.5 billion. According to the blockchain media outlet U.Today, the maximum execution volume for a single trading day could reach $16.5 billion. Market attention is focused on Sep. 9. On that day, the U.S. Treasury plans to raise the per-operation cap for long-term Treasury buybacks from $2 billion to $4 billion, targeting securities wit...