XRP Surges 10% as U.S. Treasury Liquidity Injections Fuel Market Rally

The U.S. Treasury's announcement that it would double its long-term bond buybacks to $4 billion per operation on September 9 fueled a market-wide rally, with XRP leading the charge and surging 10% to $1.10.

This unprecedented intervention pulled U.S. Treasury yields down from 19-year highs, making risk assets like cryptocurrencies more attractive.

XRP's rise was largely driven by its beta correlation with Bitcoin, which gained 7.25%, and the broader cryptocurrency market, which rose 7.4%.