XRP Price Soars 22% as Market Sees 'Clarity' in US Bond Buybacks

XRP price has surged by 22% in a single 24-hour window, reaching $1.26 on August 21, 2026. The rally is largely attributed to a combination of factors, including the U.S. Treasury doubling its longer-term bond buyback program and President Trump's push for the U.S. to become a Bitcoin superpower.

However, experts believe that XRP may not be ready to hold onto these levels. The technical picture suggests resistance clustering near $1.30-$1.34, which XRP is currently testing. If momentum fails, downside risk towards $0.62 could materialize.

The market's reaction to the announcements has been significant, with the total crypto market cap experiencing an 8% jump in 24 hours. While this provides a tailwind for XRP, it remains uncertain whether the token will hold onto its gains or give them back.