XRP Pulls Back After U.S. Treasury's Bond Buyback Surge

XRP has cooled off after its recent rally fueled by the U.S. Treasury's decision to double long-bond buybacks and regulatory hopes.

The token's price surged by roughly 50-70% but pulled back to $1.48 as of August 25, signaling a pause in momentum amid overbought technical conditions and profit-taking.

The Treasury's announcement on August 24 to more than double its long-bond buybacks from September 9 through November 4 was the primary driver behind XRP's explosive gains.

This move eased long-duration bond yields, triggered a cascade of nearly $2 billion in short liquidations across the crypto market, and benefited XRP along with other risk assets.