Crypto analyst STEPHISCRYPTO stated that the upcoming decision of the U.S. Federal Reserve on September 17 could be the catalyst for a significant rise in XRP.
Analyst Forecast and XRP Charts
The analyst presented comparative XRP/USD charts, aligning rate cuts by the Federal Reserve with strong price movements from the past. He argues that a similar scenario is currently unfolding, with an expected 25 basis-point cut acting as a potential trigger for a sharp rally in XRP.
> "Rate cuts on Sept 17 will send #XRP parabolic!" — STEPH IS CRYPTO.
Macroeconomic Context
The broader macroeconomic backdrop supports the analyst’s forecast as Federal Reserve officials have signaled readiness to lower rates, with Governor Christopher Waller endorsing a 25 basis-point reduction in September.
Chair Jerome Powell has indicated the necessity for policy adjustment while acknowledging growing labor market risks.
Market Reactions and Expectations
Not all analysts concur, however, with some stating that the U.S. economy displays stability, with growth and low inflation making rate cuts unnecessary. Market expectations are leaning towards a strong probability of a 25 basis-point cut at the upcoming meeting, as indicated by the CME Group’s FedWatch tool.
The projection by STEPHISCRYPTO highlights the significance of the Federal Reserve's decision as a primary determinant for the potential increase in XRP prices. Ultimately, the outcome will depend on both the specifics of the Fed's announcement and the market's response.
