XRP Surges Past $1.50 Amid Ongoing Speculation Over US Government Crypto Stance

The price of XRP surged past $1.50 after Vice President JD Vance mentioned cryptocurrency in an interview, reigniting speculation about the government's stance on digital assets.

Vance was asked whether the administration could use a cryptocurrency reserve to help offset the $40 trillion federal debt, which crossed that threshold for the first time in August, according to Treasury Department data.

While Vance sidestepped the XRP question and pointed to Treasury Secretary Scott Bessent's economic strategy, his comments added fuel to an already-building narrative around U.S. government engagement with digital assets.

XRP traded near $1.56 early on August 22, up from roughly $1 at the start of the week, before consolidating as trading volume increased.