The XRP network has experienced an explosion in activity with active addresses surging from 47,180 to 356,070, a 654.71% increase. XRP price has climbed nearly 49% weekly, reaching a high of $1.699 on August 22 from $0.99 on August 19, outperforming Bitcoin, Ethereum, and Solana. This rally follows the US Treasury’s announcement to repurchase more than $4 billion of its long-term bonds. Coinbase options imply potential XRP volatility of 13.1% through August 30, the widest among major digital assets. At the time of writing, XRP was trading at $1.48.
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