XRP's price is under the influence of possible changes in the U.S. Federal Reserve's policy. This article examines how the Fed's decision on rate cuts might affect XRP's market trends.
Impact of Rate Cuts on XRP Demand
Lower interest rates typically boost demand for riskier assets, including cryptocurrencies. When borrowing becomes cheaper, capital often rotates into equities and cryptocurrencies seeking higher returns. Historically, XRP prices have not only followed Bitcoin but also delivered significant moves during liquidity-driven rallies.
Analysis of XRP Charts and Support Levels
The daily chart shows XRP price hovering around $2.82 after weeks of steady decline from its July peak above $4. The $2.75–$2.80 zone has repeatedly held as a support base, making it a crucial level for bulls to defend. Failure to hold $2.80 may lead to deeper correction levels of $2.60 and $2.30.
Expected Scenarios for XRP in the Future
In the near term, XRP’s price path is closely tied to the Fed’s September outcome. If there is a 25–50 basis point cut, XRP could rise above $2.90. Conversely, disappointment from the Fed could result in XRP falling below $2.80.
The current price dynamics of XRP remain uncertain, but the Fed's decision could be a critical factor in determining future movement. Monitoring the $2.80–$2.90 level will be important for traders this September.
