XRP is trading at $12.60, up 5.70% versus the August 19 close, after the U.S. Treasury decided to at least double long-term bond buybacks from $2 billion to $4 billion per operation.
- The move extends the prior sessionβs 6.52% gain.
- Lower long-term yields improved risk appetite.
- Crypto momentum and short covering amplified the move as Bitcoin and Ether rallied sharply overnight.