On July 1, at 9:30 AM ET, Jerome Powell will address the public, drawing significant attention from XRP analysts and crypto traders.
Preparations for Powell's Speech
Jerome Powell's speech comes amid pressure from U.S. President Donald Trump, who has been urging for interest rate cuts to stimulate economic recovery. However, Powell has maintained high rates, focusing on inflation and tightness in financial markets.
XRP Growth Prospects
Crypto analyst Steph (@Steph_iscrypto) noted that any suggestion of upcoming rate cuts could trigger a sharp rally in the crypto market. XRP is likely to be significantly impacted by policy changes due to its responsiveness to historical macroeconomic signals.
Conclusion and Market Expectations
As the market awaits Jerome Powell's statement, the XRP community is watching closely for any dovish signals. Analysts warn that a shift toward easing could ignite a major rally.
Powell's speech could be a key moment for the cryptocurrency market, particularly for XRP, with expectations for easing policies fostering hopes for potential growth.
