Recent predictions by expert Levi Rietveld point to a potential rise in XRP prices to $20 due to Federal Reserve actions. Several influential factors are highlighted.
Political Dynamics and Pressure on the Fed
Rietveld noted the ongoing pressure from President Donald Trump and other Republican figures urging Federal Reserve Chair Jerome Powell to lower interest rates. Trump has publicly accused Powell of negatively impacting the economy with high rates, referencing lower central bank rates in other countries.
Fed Intervention and Its Implications
The expert pointed out that the recent $11 billion injection by the Federal Reserve into the repo market may indicate imminent rate cuts. This intervention is the first of its kind in five years, suggesting that financial markets are under strain. Rietveld drew historical comparisons, asserting that such actions typically precede rate reductions.
Long-Term Prospects for XRP and Crypto Market
Rietveld discussed the potential implications for XRP, stating that if the Fed cuts rates in July, significant price increases for XRP may occur by October. He observed current price activity around $2, identifying opportunities for accumulation before anticipated market rallies.
In conclusion, Rietveld emphasized his belief in the probable lowering of Federal Reserve rates soon. He highlighted that current XRP price levels may represent a strategic opportunity for investors gearing up for market changes.
