XRP, the cryptocurrency created by Ripple’s co-founders, hit a low of US$ 0,98 last week, the same price range it was in shortly before the post-election rally in November 2024, which took it to an all-time high near US$ 3,65.
In this case, the broader crypto market benefited from the shift in the US Treasury bond market after US Treasury Secretary Scott Bessent announced buybacks of government debt exceeding US$ 4 billion (more than double current levels), as a way to reduce the impact of high yields on long-term sovereign bonds, which are accessible through the TLT ETF and UTHY ETF.
The more money that flows out of Treasury bonds—predictable investments backed by the US government—the more investors will seek riskier alternatives for allocating their money, creating an opportunity for cryptocurrencies like XRP to shake off the dust.
In this case, the broader crypto market benefited from the shift in the US Treasury bond market after US Treasury Secretary Scott Bessent announced buybacks of government debt exceeding US$ 4 billion (more than double current levels), as a way to reduce the impact of high yields on long-term sovereign bonds, which are accessible through the TLT ETF and UTHY ETF.
The more money that flows out of Treasury bonds—predictable investments backed by the US government—the more investors will seek riskier alternatives for allocating their money, creating an opportunity for cryptocurrencies like XRP to shake off the dust.
