The escalating relationship between the US government and the Federal Reserve may significantly impact the value of the XRP token. Analysts, including Levi from Crypto Crusaders, warn of a potential "super storm" for XRP.
Trump's Escalating Pressure on Powell
President Donald Trump has once again criticized Fed Chair Jerome Powell, urging him to cut interest rates swiftly. Trump accused Powell of mismanaging monetary policy and even suggested a potential "major lawsuit" against him. This criticism highlights the growing tensions between the administration's economic agenda and the Fed's cautious approach to monetary easing.
Potential Policy Pivot by the Fed
Expectations for aggressive monetary easing have surged, with Treasury Secretary Scott Bessent indicating a potential 50-basis-point cut. This change has already pressured the US dollar and supported risk assets, typically creating favorable conditions for cryptocurrency growth.
Current Market Position of XRP
As of report time, XRP is trading at $3.23 after a strong rally earlier in August. The token has held above former resistance levels, with robust trading volumes and rising derivatives interest. Analysts note repeated tests of the price zone of $3.20–$3.30, suggesting bullish momentum could build.
In the face of potential political instability and possible monetary policy changes, XRP investors need to pay close attention to Federal Reserve announcements and macroeconomic indicators to better navigate the volatile market conditions.
