XRP Soars 51% on Bond Buybacks and Short Liquidations
XRP surged 51% in just one week to reach $1.50, its best weekly gain since November 2024.
The rally was sparked by the US Treasury's plan to repurchase $4 billion in long-term bonds, easing fears of rising bond yields and boosting risk assets like crypto.
Nearly $2 billion in short positions on XRP were liquidated, accelerating the price rise.