Treasury Market Stress Sends Warning Signals for XRP

Levi Rietveld, a prominent analyst, has warned that stress in the U.S. Treasury market could increase volatility for XRP and the broader digital-asset market.

The Treasury market milestone he highlighted is the first negative 10-year rolling annualized return for U.S. Treasuries, estimated at roughly minus 2%.

Rietveld suggests that any further Federal Reserve tightening could trigger another rapid crypto selloff.

He frames this bond-market development as part of a wider shift away from dollar-denominated reserves, citing China's Treasury holdings falling to their lowest level since 2008 and Japan and other countries adjusting their Treasury exposure amid domestic economic pressure.