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
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 easing playbook. The mechanism is different (the Treasury buying its own debt rather than the Fed expanding its balance sheet), but the end result rhymes: more liquidity sloshing around the system, lower long-term borrowing costs, and a green light for risk assets. Traders also described the dynamic as “curve control,” since the buybacks effectively cap how high long-end yields can climb without the Fed having to formally intervene.
