XRP gains 51% after Treasury bond buyback announcement

XRP has gained 51% to $1.50 since Monday after a U.S. Treasury bond buyback announcement. The announcement fueled speculation that policymakers could eventually use yield curve control, an aggressive monetary-easing tool. XRP is on track for its best weekly performance since November 2024. Bitcoin has gained 22% during the same period. Ether has gained 30%. Solana has gained 28%. Coinglass data shows that nearly $2 billion in bearish futures positions have been liquidated this week. The Treasury said it will buy back $4 billion or more of its own long-duration bonds from Sept. 9 to Nov. 4. The bonds have maturities ranging from 10 to 30 years. The Treasury will conduct the buybacks on multiple occasions. The previous buyback cap was $2 billion.