Treasury Action Seen as Driving Force Behind XRP Price Rally

The recent surge in XRP prices has been attributed to a specific U.S. Treasury action by financial expert Long.

The Treasury announced it would more than double its buyback operations for long-dated securities, raising the cap from $2 billion to at least $4 billion per operation for the 10- to 30-year sector.

This move was seen as a version of yield curve control by Long and led to lower yields, pushing bond prices higher.

The mechanism behind this move is that lower yields weaken the dollar, which in turn lifts risk assets. XRP rallied in line with this pattern.

XRP surged 12% on August 19, coinciding with both the Treasury announcement and a White House crypto summit. Since then, it has continued to climb, reaching a peak of $1.68 before trading at $1.50, up 55% from its recent low.