XRP poised for biggest weekly gain in 21 months as Treasury buyback boosts sentiment

XRP is on pace for its strongest weekly performance since late 2024, riding a surge fueled by the US Treasury’s decision to double the size of its long-term bond buyback operations. The token climbed to intraday levels between $1.30 and $1.60 during the rally, a sharp reversal from the sub-$1 zone where it had been languishing. Weekly gains are estimated somewhere between 30% and 67%, depending on the entry point, with a single-day pop of roughly 10.4% on August 20 doing much of the heavy lifting. What the Treasury actually did On August 19, the US Treasury announced it would expand its liquidity-support buybacks for nominal coupon securities from $2 billion to a minimum of $4 billion per operation, effective September 9. In practical terms, the government is purchasing its own longer-dated bonds at a faster clip, pulling them off the market and pushing their prices up. When bond prices rise, yields fall. And fall they did. The 30-year Treasury yield retreated from a 19-year high of 5.337%, a level that had been making equity and crypto investors deeply uncomfortable for weeks. Market participants quickly labeled the move “QE Lite,” a nod to the Federal Reserve’s old quantitative e...