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$XRP ($1.50, +52% over four days). A $3.3 billion short squeeze and two macro catalysts lifted XRP from its August 17 cycle low of $0.9877 to a three-month high, adding more than $32 billion in market cap.
The September 15 Senate cloture vote on the CLARITY Act is the next level to watch. The four catalysts XRP had been pinned between $1.00 and $1.18 for most of August, unable to close above that band.
The tape needed a macro unlock, and it got two in 48 hours.
On August 19, Treasury Secretary Scott Bessent announced he would double the pace of long-term bond buybacks from $2 billion to at least $4 billion per operation, starting September 9.
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