XRP Price Surges 47.5% on Treasury Buyback Boost

XRP's price has surged by 47.5% in seven days, reaching $1.47 on August 24 and putting it on track for its strongest weekly performance since November 2024.

The rally is attributed to the U.S. Treasury's decision to double planned long bond buybacks to at least $4 billion per operation starting September 9, which has led to lower yields and a weaker dollar.

Marketwide short liquidations exceeded $1.2 billion during one 24-hour period, accelerating the broader cryptocurrency rally.

The estimated leverage ratio for XRP derivatives on Binance has climbed to its highest level since early 2026, increasing two-sided liquidation risks and potentially leading to larger price movements in either direction.