Crypto
XRP Soars 50% as Treasury Announces Bond Buyback Increase
XRP has seen a significant rally in recent days, rising by about 50% from its cycle low of $0.9877 on August 17 to around $1.51 today.
The surge was driven by the U.S. Treasury's announcement that it would increase long-term bond buybacks to at least $4 billion per operation, as well as a decline in the 30-year Treasury yield from 5.34% to 5.19%.
Our AI model has made three predictions for XRP's price by December: bull, base, and bear scenarios.
In the bullish scenario, XRP could reach $3, with a market cap of around $186 billion, if the Senate clears its cloture vote on September 15 and holds a full floor vote before Thanksgiving.