Woofun AI reports that XRP is positioned for its strongest weekly performance since November 2024, driven by market speculation that U.S. Treasury actions may signal a shift toward yield curve control (YCC). This aggressive monetary-easing tool has emerged as the primary catalyst for the asset's recent momentum.

Price data from CoinDesk indicates XRP has surged 51% to $1.50 since Monday, significantly outpacing major peers. Bitcoin (BTC) and ether (ETH) recorded gains of 22% and 30% respectively, while Solana (SOL) rallied 28%. This performance marks a sharp reversal from a period where XRP consistently lagged broader market recoveries.

Woofun AI data shows, Structurally, the rally was fueled by a massive unwinding of bearish positions. nearly $2 billion in short liquidations occurred this week. The catalyst was the U.S. Treasury's announcement on Sept. 9 regarding a $4 billion buyback of 10- to 30-year bonds through Nov. 4, doubling the previous $2 billion cap.

Notably, while this operation is primarily for liquidity management, the timing suggests an intent to cap rising yields, which hit levels unseen since 2007. This has revived hopes for yield curve control, a measure previously used by the Bank of Japan and the U.S. to set ceilings on 10-year bond yields and support risk-taking.

Despite the surge, XRP's recovery remains limited, representing only a 20% rebound from the bear-market slide from its July 2024 high of $3.65 to under $1. Substantial upside is still required before a definitive bullish trend can be established.