XRP Rockets 50% in a Week as Treasury Buybacks Fuel Crypto Bullishness

XRP's price has surged around 50% in a week as Treasury buybacks, short liquidations, rising network activity, and renewed institutional demand strengthen its bullish momentum.

The payments-focused cryptocurrency is on track for its strongest weekly performance since November 2024, outperforming major cryptocurrencies like Bitcoin, Ethereum, and Solana. The rally marks a sharp reversal after weeks of lackluster price action where XRP lagged the broader crypto market.

The $2 level remains an important technical objective for XRP buyers, who will need to overcome several resistance levels before confirming the uptrend. Treasury buybacks have fueled speculation about policymakers considering stronger measures to contain rising long-term borrowing costs, improving sentiment across cryptocurrencies and risk assets.