CharuSan, a computer engineer and prominent supporter of XRP, sparked widespread attention with a bold prediction on August 23. Using the handle @CharuSan83, he stated that XRP is set to experience “the most hated pump the world has ever seen.”
Strong rally for XRP
CharuSan’s post quickly went viral, accumulating thousands of views within hours. It followed a period of notable strength for the cryptocurrency, as XRP registered one of its best weekly performances in recent years.
Over the past week, XRP began trading around $0.99 and steadily climbed to a weekly high of $1.68 before settling at $1.45. This move represented a 45.5% gain for the week and established XRP as one of the leading major cryptocurrencies during that period.
XRP surged from $0.99 to $1.68, closing the week at $1.45, which marked a 45.5% increase from the previous week’s level.
Regulatory momentum in Washington
A series of developments in the US capital provided major catalysts for XRP’s rise. The US Treasury announced it would intensify long-term bond buybacks to at least $4 billion per operation starting September 9. This triggered $3 billion in short liquidations across crypto markets, with Bitcoin crossing $72,000 and fueling a broad market rally.
ETH
SOL
BSC
ROBINHOOD
USDT
AAPLOn August 18, the Securities and Exchange Commission (SEC) unveiled proposed rules introducing new fundraising exemptions for crypto assets. These included a safe harbor provision that would allow tokens to avoid securities classification once their networks achieve operational independence.
A day later, US President Donald Trump hosted a summit at the White House attended by SEC Chair Paul Atkins, Commodity Futures Trading Commission (CFTC) Chair Michael Selig, Ripple CEO Brad Garlinghouse, and Coinbase CEO Brian Armstrong. Garlinghouse emphasized that the administration, SEC, and CFTC share a unified approach on crypto policy.
Mini dictionary: Ripple – A US-based technology firm best known for developing the XRP Ledger and promoting XRP for use in worldwide payments, led by CEO Brad Garlinghouse.
CFTC signals regulatory clarity
On August 20, the CFTC held its first Innovation Advisory Committee meeting, where CFTC Chair Michael Selig confirmed the regulator would proceed with formal crypto market regulations under current legal authority, regardless of whether the CLARITY Act advances in Congress. The CLARITY Act is seen as a key legislative attempt to provide clearer guidelines for digital assets, though it faces uncertainty in the Senate.
Selig’s statement eased concerns about regulatory delays, effectively lifting what many saw as a significant price obstacle for XRP. The combined impact of policy moves and regulator assurances helped drive XRP more than 60% above its weekly lows before a leveraged-driven flash crash on August 22 briefly pushed the price back to $1.50.
| Event | Date | Impact |
|---|---|---|
| US Treasury buyback expansion | September 9 (start) | Market-wide liquidations, Bitcoin rises |
| SEC fundraising exemption proposal | August 18 | Crypto assets gain regulatory clarity |
| CFTC crypto rules announcement | August 20 | Removes regulatory uncertainty for XRP |
With regulatory agencies aligning and new federal actions, XRP recorded a rally of over 60% from its weekly lows before a brief correction brought it back to around $1.50.
Community response
The XRP community showed strong optimism in response to CharuSan’s forecast. Many users expressed readiness and excitement, with one describing current market conditions as a “melting face rally season.” Others voiced hopes that the predicted surge would take place before the end of the year. Overall, the sense of momentum and anticipation has grown within the XRP community, with many investors preparing for a significant price move.
