XRP Soars 50% in Week Amid US Treasury Plan Boost

XRP's price surged by nearly 50% in just one week, boosting its market cap by about $30 billion to nearly $92.85 billion.

This rally was driven by the U.S. Treasury's plan to double buybacks of long-term government debt and a sharp reduction in bearish crypto positions, which liquidated $3.35 billion in crypto assets.

Despite this rebound, XRP remains down 50% for the year and well below its 2018 peak.

Analysts suggest that XRP's next key test is holding above $1.65 weekly; failure could see it retreat to $0.85-$1.05 as a bottom zone.