XRP recently experienced its strongest market surge in years, driven by multiple macro and regulatory developments. Dom Kwok, co-founder of the blockchain education platform EasyA, stated on August 25 that “the most hated rally is about to begin,” signaling his belief that XRP’s upward momentum is far from finished.
Strong surge and bold forecast
Kwok, who has become a prominent commentator in crypto circles, reiterated his long-term bullish stance, maintaining his prediction that XRP will reach $1,000 by 2030. His recent remarks came as XRP delivered a dramatic short-term performance, starting last week at $0.99 and shooting up to a high of $1.68 before stabilizing near $1.50.
This rally represented a gain of over 50% in less than two days. The sudden surge attracted widespread attention across the digital asset market and renewed interest in XRP’s potential for further gains.
Dom Kwok described the upcoming market move by saying, “the most hated rally is about to begin,” pointing to strong conviction in the face of skeptics.
Key drivers for the rally
Multiple catalysts contributed to XRP’s climb. The U.S. Treasury announced that it would double long-term bond buybacks to a minimum of $4 billion per operation, starting in September. This announcement led to $3 billion in liquidations of short positions across the crypto sector, helping push Bitcoin beyond $72,000, which lifted the entire market, including XRP.
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AAPLRegulatory signals have also played a significant role. The U.S. Securities and Exchange Commission (SEC) proposed new rules that include a safe harbor for tokens whose networks function independently. Additionally, President Trump hosted a White House summit with SEC Chair Paul Atkins, Commodity Futures Trading Commission (CFTC) Chair Michael Selig, Ripple Chief Executive Brad Garlinghouse, and Coinbase CEO Brian Armstrong.
Garlinghouse affirmed at the event that the administration, SEC, and CFTC are aligned in their approach toward crypto regulation. For its part, the CFTC committed to continued advancement of formal crypto market regulations under its existing authority, regardless of Congressional progress on the CLARITY Act.
Mini dictionary: EasyA, a platform focused on blockchain education and developer bootcamps, is known for helping participants learn and build applications within leading blockchain ecosystems.
Community sentiment
Kwok’s statement sparked active discussion. Several members of the XRP community questioned the timing and reasons behind his expectations. Some expressed anticipation for the predicted rally, while others doubted whether short-term traders had cleared out, which they saw as necessary for a sustainable rise. Other participants highlighted their long-standing optimism and emphasized personal stories, reflecting the diverse emotions surrounding XRP’s potential rally.
Sentiment in the XRP community ranged from skepticism about short-term prospects to excitement about the possibility of a transformative rally prompted by new regulatory alignment and institutional action.
Ongoing catalysts
The drivers that fueled XRP’s recent rise remain in place. The Treasury’s expanded buyback program is set to commence in September. The SEC’s safe harbor proposal continues to move through the policymaking process, and the CFTC maintains its regulatory timeline well into the future.
These developments are considered foundational changes in U.S. policy regarding digital assets. Ripple, as the company behind XRP, is at the intersection of these new policy directions due to its engagement with federal regulatory authorities.
