FED’S SECRET WEAPON: Is XRP About to Soar? 🚀
It appears that the US Federal Open Market Committee meeting was a veritable surprise party for the financial markets, including our beloved crypto. Jerome Powell, the esteemed chairman of the US Federal Reserve, announced that interest rates would remain unchanged, a decision that has left many of us in a state of utter delight.
1.9%
Market cap: $1.69 T
Vol. 24h: $34.72 B
has surpassed the $85,000 mark, while Ethereum
ETH
$1,994
24h volatility: 0.4%
Market cap: $239.97 B
Vol. 24h: $17.99 B
has reached the $2,000 zone. It’s a wonder they haven’t declared it a national holiday.
And then, of course, there’s XRP (XRP), the asset that has been making waves in the crypto world. The asset recorded a 7.5% surge over the past 24 hours and is trading at $2.47 at the time of writing. One can almost hear the sound of XRP enthusiasts doing the happy dance.
At one point, XRP
XRP
$2.49
24h volatility: 7.3%
Market cap: $144.72 B
Vol. 24h: $10.75 B
reached a local high of $2.57 earlier today, swapping USDT’s spot and becoming the third-largest cryptocurrency with a market cap of $149.18 billion. It’s a wonder anyone can keep track of such numbers.
On March 19, Brad Garlinghouse, CEO of Ripple, the company behind XRP, claimed that the US Securities and Exchange Commission “will drop its appeal” against the firm. This triggered a 13% rise in XRP price hours before the FOMC meeting. One can only imagine the excitement building in his office.
If the Fed’s QT ends, the start of another bull run is very likely, especially for assets like XRP that have been struggling with regulators. It’s a wonder anyone can keep track of such things.
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2025-03-20 16:51