XRP under the watch of the Fed: the main event of October
XRP enters October after a strong rally, but now the key issue for the crypto market is not only XRP itself, but also the policy of the US Federal Reserve.
The September jobs report turned out to be weak: the US economy added only 29k jobs, and unemployment rose to 4.2%. This reduced expectations for another Fed rate hike in October. (Reuters)
For XRP, this is a positive factor: lower interest-rate expectations typically support risk assets, including cryptocurrencies.
📅 On October 7, the market will receive the minutes of the September FOMC meeting. They may show how determined Fed members are to pursue further rate hikes. (Federal Reserve)
For XRP, the question right now is simple: can weak economic data outweigh high rates and bond yields?
If the market ultimately starts pricing in a Fed pause, that could become additional fuel for XRP and BTC. If the minutes turn out to be hawkish, crypto could face fresh pressure.
So over the next few days, I would watch BTC + US10Y + Fed expectations more closely, and only then focus on XRP itself.
#xrp #crypto
XRP enters October after a strong rally, but now the key issue for the crypto market is not only XRP itself, but also the policy of the US Federal Reserve.
The September jobs report turned out to be weak: the US economy added only 29k jobs, and unemployment rose to 4.2%. This reduced expectations for another Fed rate hike in October. (Reuters)
For XRP, this is a positive factor: lower interest-rate expectations typically support risk assets, including cryptocurrencies.
📅 On October 7, the market will receive the minutes of the September FOMC meeting. They may show how determined Fed members are to pursue further rate hikes. (Federal Reserve)
For XRP, the question right now is simple: can weak economic data outweigh high rates and bond yields?
If the market ultimately starts pricing in a Fed pause, that could become additional fuel for XRP and BTC. If the minutes turn out to be hawkish, crypto could face fresh pressure.
So over the next few days, I would watch BTC + US10Y + Fed expectations more closely, and only then focus on XRP itself.
#xrp #crypto
