XRP is trading at $12.40 (+3.94% after hours) after a 6.61% regular-session gain to $11.93, as Treasury expanded buybacks.

  • Treasury’s long-term buybacks rise from $2 billion to at least $4 billion per operation, lowering yields and improving risk appetite.
  • Bitcoin, Ethereum, and XRP rallied broadly; White House–Ripple regulatory optimism, institutional ETF inflows, and short liquidations supported positioning.
  • The move appeared market-wide, not ETF-specific; Fed July minutes added secondary volatility. No earnings-related catalyst from a dominant holding was identified.