Recently, the price of Ripple (XRP) has shown little movement, but analyst Levi believes September may bring changes. He identifies three key events that could affect the token's price.
Impact of Global Trade on XRP Price
Levi points out that changes in trade tariffs can significantly affect financial markets. For example, new tariffs imposed on India are causing short-term corrections. The analyst believes such actions, while negative at first glance, often lead to market recovery after corrections.
Interest Rate Decreases and Their Consequences
Levi suggests that declining consumer spending and rising unemployment may prompt the US Federal Reserve to cut interest rates. He cites data on the rapid decline in consumer spending as a basis for his assumptions. If rates are cut, it could create positive pressure on XRP's price.
ETF Approval Potential for XRP
The analyst emphasizes that if XRP ETFs are approved in September, it could attract billions in new liquidity to the market. Experience with ETF approvals for Bitcoin and Ethereum demonstrates that this event can generate significant investor interest in Ripple.
Considering the current market conditions and expected events, September 2023 could be an important period for Ripple, opening new opportunities for price growth.
