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XRP jumps 51% this week as Treasury buyback fuels yield curve control hopes

CoinDesk reports the move comes amid nearly $2 billion of XRP shorts being liquidated and follows the U.S. Treasury’s plan to repurchase at least $4 billion of long-duration bonds between Sept. 9 and Nov. 4.

Reported · Written up by our desk · Market Structure

XRP is on track for its biggest weekly gain in more than 21 months, rising 51% to about $1.50 since Monday, according to data cited by CoinDesk. The rally is also notable for pushing XRP ahead of peers as bitcoin, ether, and Solana gained 22%, 30%, and 28% over the same period, respectively.

CoinDesk attributes the surge to market speculation that U.S. policymakers could move toward yield curve control after a Treasury bond buyback announcement. The outlet says the timing and scale of the plan are being interpreted as an effort to cap rising long-term yields.

The Treasury said it will buy back $4 billion or more of its own long-duration, 10- to 30-year bonds on multiple occasions from Sept. 9 to Nov. 4, doubling the prior $2 billion cap. CoinDesk notes longer-duration yields hit their highest levels since 2007 early this week, which has heightened concerns for fiscal debt and risk appetite.

CoinDesk also points to a sharp unwind of bearish positioning in crypto futures, citing Coinglass data showing shorts worth nearly $2 billion were liquidated this week. It frames the broader reaction as a risk-on shift tied to expectations that a yield curve ceiling could be introduced, a tool previously pursued by the Bank of Japan and the U.S.

Latest closeBitcoin $81,906.63 ▼1.4%|Solana $104.78 ▼1.8%|XRP $1.335 ▼2.2%

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