Treasury Support Could Fuel XRP Rally

A finance expert believes that XRP may continue to fly due to a hidden reason related to U.S. Treasury support for the bond market.

Austin Hilton, a crypto commentator, pointed out that deploying a significant portion of the Treasury Department's reported $1 trillion cash position could push bond yields lower and encourage capital to move into assets such as Bitcoin, XRP, stocks, and gold.

Hilton attributed part of the market's strength to developments involving the U.S. Treasury Department, specifically the decision to double its bond buyback operations from $2 billion to $4 billion.

XRP had risen more than 52% from Wednesday and had subsequently consolidated for roughly 48 hours, according to Hilton.