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XRP drops 8.5% after a sharp August rally driven by US Treasury bond buybacks and short squeezes.

Market News
01 Sep 2026
CryptoTicker
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Neutral
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XRP fell 8.48% this week after surging over 50% in late August due to US Treasury expanding long-term bond buybacks and a short squeeze. The recent decline reflects a partial retracement of this macro-driven spike, not a fundamental crash. While US spot XRP ETFs saw record inflows, these came after the rally and are not yet large enough to offset monthly XRP token releases from escrow. Key upcoming events include the start of Treasury buybacks on September 9, a Senate vote on crypto regulation, and the Federal Reserve decision mid-September, all of which will influence XRP's near-term direction.

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