Ripple and Stellar Extend Gains as US Treasury Buyback Expansion Fuels Crypto Short Squeeze

BitcoinWorld Ripple and Stellar Extend Gains as US Treasury Buyback Expansion Fuels Crypto Short Squeeze Ripple (XRP) and Stellar (XLM) have extended their recent gains as the expansion of US Treasury buybacks triggered a short squeeze across the cryptocurrency market, according to market data as of early trading on [Date].

What Drove the Latest Surge in XRP and XLM? The catalyst for the renewed upward momentum is the US Treasury’s decision to expand its buyback program, which has injected additional liquidity into the financial system.

This move has had a ripple effect across risk assets, including cryptocurrencies, forcing short sellers to cover their positions and amplifying price moves.

As of [Date], XRP was trading at [Price], up [Percentage]% over the past 24 hours, while XLM rose to [Price], a [Percentage]% increase. The gains build on a multi-day rally that began after the Treasury announcement, with both assets outperforming the broader crypto market.