XRP has risen 51% to $1.50 since Monday, putting it on track for its best weekly performance since November 2024 and far ahead of bitcoin, ether and Solana. Bitcoin at $77,176.83 and ether at $2,446.46 have gained 22% and 30%, respectively, while Solana has rallied 28%, according to CoinDesk data. XRP's rebound follows a prolonged period of weak price performance and has been amplified by the liquidation of nearly $2 billion in short futures positions this week, according to Coinglass. The rally began after the U.S. Treasury said it would buy back $4 billion or more of its own 10- to 30-year bonds on multiple occasions from Sept. 9 to Nov. 4, twice the previous $2 billion cap. Although the move was presented as liquidity management in the world's largest bond market, its timing fueled speculation that policymakers could eventually pursue yield curve control, or YCC (a policy that caps longer-term bond yields through bond purchases). Longer-term yields reached their highest levels since 2007 early this week, raising concerns over burgeoning fiscal debt and discouraging risk-taking. XRP's move remains a partial recovery, representing only 20% of the decline from its $3.65 record high in July last year to just under $1 a week ago. A sustained bullish trend therefore has yet to be established.