Fed sends a key signal: XRP could be poised for a new rally, with holders earning up to $7,000 a day

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. Since the start of September, the cryptocurrency market has once again been influenced by macroeconomic news from the Federal Reserve. Summary XRP rebounded to about $1.45 after Fed rate-hike concerns eased. The token gained roughly 5% weekly and 37% over the past month. Traders are monitoring $1.35–$1.38 support and resistance near $1.70. EX DeFi advertises cloud-mining contracts and support for several digital assets. On Sep. 3, Federal Reserve Governor Christopher Waller stated that he favors maintaining current interest rates rather than immediately raising them further. This stance alleviated market concerns regarding a potential September rate hike and boosted Bitcoin and other major crypto assets, with XRP briefly rebounding to around $1.45. Waller’s comments drew market attention because interest rate expectations have long been a key factor influencing digital assets. A pause in rate hikes could ease upward pressure on the US dollar and ...