XRP surged 3.8% as traders bet 97% on Fed cuts - here's the catch
Key Points
- XRP gained 3.8% amid speculation about Federal Reserve rate ...
XRP just pulled off a 3.8% gain while everyone's placing their chips on the Federal Reserve's next move. The CME FedWatch Tool is showing a 97% probability of rate cuts coming - which is about as certain as finding a crypto influencer making bold predictions on Twitter.
Rate cuts typically make investors feel generous with their money, pushing them toward riskier assets like crypto. It's simple economics: when borrowing gets cheaper, people get more creative with their investment choices. And XRP, having already delivered a jaw-dropping 421% gain over the past year, seems to be riding this wa...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.