XRP rally adds $32 billion as token climbs to $1.50 now

XRP climbed to $1.50 after a four-day, 52% rebound, adding about $32 billion in market value and reopening a key crypto risk trade.

The token moved from an August 17 cycle low of $0.9877 to $1.50, its highest level in three months, according to the market data cited in the account. The advance took XRP above $1.40, a level that had blocked rebound attempts since May.

$1.40 break resets chart

The move followed three weeks in which XRP had been held between $1.00 and $1.18, without a close above that range. It then cleared $1.00, moved through the $1.25 to $1.30 zone, and crossed $1.40 on August 21.

The market value math was large because the token’s circulating supply was put at about 63 billion. At that base, the rise lifted XRP’s market capitalization from roughly $62 billion at the cycle low to about $94.2 billion near $1.50.

Trading activity also widened as the price moved. The account said 24-hour volume reached $10.39 billion on August 21 and stood at $12.73 billion in the latest reading, while that August 21 session added about 17.18% to the token’s price.

Treasury buybacks alter yield backdrop

The rebound came after pressure from the long end of the Treasury market. The 30-year Treasury yield had reached 5.34%, described in the account as a 19-year high, a level that had weighed on risk assets including crypto.

Treasury Secretary Scott Bessent then said on August 19 that long-term bond buybacks would double from $2 billion to at least $4 billion per operation, with the higher pace starting September 9. The 30-year yield fell to 5.19% within hours of that announcement, according to the account.

For crypto markets, the mechanism is straightforward but not automatic. Lower long-end yields can make cash-flow-free assets less costly to hold relative to bonds, but the effect depends on whether traders treat the yield move as durable or temporary.

The account also linked the rally to President Trump’s backing of the CLARITY Act, $400 million in whale buying and $3.3 billion in forced short covering. Those claims were presented as part of the trading narrative and were not accompanied by named market participants in the supplied material.

September vote frames risk

The next dated test is the September 15 cloture vote tied to the CLARITY Act. The account said XRP should hold $1.29 into that vote, while also flagging a failed vote or a fresh rise in yields as risks that could push the token back toward $1.20.

If XRP holds above $1.29 through the vote, the global macro read would be that risk appetite has withstood both higher long yields and policy uncertainty. For XRP, that would leave the $1.40 break as the nearest technical reference point; for the wider crypto sector, it could keep attention on tokens most exposed to US regulatory clarity.

If the vote fails or long yields move back toward the 5.34% high, the mechanism would run in the other direction. Bonds would compete harder for capital, leveraged crypto positions would face renewed pressure, and XRP’s four-day advance would be tested against the $1.20 level cited in the account.

A third path is a range-bound market in which yields settle near 5.19% and the policy vote does not deliver a clear signal. In that case, the macro effect would be muted, XRP would likely trade around the levels it has already reclaimed, and the crypto sector would remain dependent on volume rather than a single policy catalyst.