XRP Tumbles 3.8% Ahead of Fed Meeting: What’s Next for the Crypto Market?
XRP takes a pre-Fed hit as traders brace for volatility—dropping nearly 4% just hours before Jerome Powell takes the mic.
Timing the Tumble
The slide isn’t random. Investors are pulling back, hedging bets before the Fed’s interest rate decision drops. XRP’s dip mirrors broader crypto jitters—nobody wants nasty surprises.
What’s Next?
If the Fed hints at dovish turns, expect a rebound. If not? Strap in. XRP could test lower supports fast. Either way, crypto won’t wait for Wall Street’s permission to move—classic decentralized defiance, or as some call it, organized chaos with extra steps.
One thing’s clear: in crypto, the only thing more predictable than a Fed meeting is the overreaction that follows—almost like clockwork, and just as thrilling.
Source: CoinGecko
Is XRP Falling Because Of The Federal Reserve’s Meeting?
The Federal Reserve will have its two-day meeting on Sept. 16-17. Investors will keep a close eye on how things unfold and look for clues on the Federal Reserve’s next monetary policy stance. Inflation in the US has increased to 2.9% in August. The rise in inflation figures may have caused some worry among investors. The potential dip in sentiment may have led to XRP’s price dip.
Despite XRP’s price correction, there is a high chance that the asset will recover over the coming weeks. There is a very high chance that the Federal Reserve will cut interest rates by 25 basis points after its next meeting. A rate cut may lead to a substantial increase in risky investments. Such a development may lead to XRP reclaiming the $3 mark.
XRP’s price correction is not an isolated event. Bitcoin (BTC) has fallen to the $114,000 price level after its recent ascent to $116,000. ethereum (ETH) also follows the market trend, facing a 3.1% correction in the last 24 hours. The market-wide bearish reversal is likely due to investors taking caution before the upcoming Federal Reserve meeting.
According to CoinCodex analysts, XRP’s price may consolidate over the coming weeks before facing an upswing. The platform anticipates the asset to surge to $3.43 on Oct. 7.
