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XRP price jumps 47.5% in a week, nearing $1.47 amid strong crypto market rally and Treasury bond buybacks.

Market News
24 Aug 2026
Crypto news
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Bullish
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XRP price surged 47.5% over seven days to nearly $1.47, marking its strongest weekly gain since November 2024. The rally was driven by the U.S. Treasury doubling long-term bond buybacks, which lowered yields and boosted risk assets including cryptocurrencies. Marketwide short liquidations exceeding $1.2 billion accelerated the move, while large XRP holders accumulated tokens, supporting demand. Despite the sharp rise, XRP remains about 60% below its July 2025 peak, and elevated leverage on Binance suggests potential for volatile price swings ahead. Investors will watch Treasury buybacks starting September 9 and leverage trends for the next price direction.

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