Morning, traders! 🌅 XRP has been one of the more volatile reactors to yesterday's Jackson Hole speech, dropping as much as 6.1% at one point to around $1.38, before stabilizing back near $1.42–$1.43. This kind of sharp, choppy price action right around a major Fed event is fairly typical for XRP, which has historically shown some of the largest swings among majors during Warsh's previous speeches.
Analyst Michaël van de Poppe noted that the choppy price action seen across markets this week may have largely been driven by uncertainty ahead of the speech itself, rather than any single fundamental shift — meaning some of this volatility could settle out now that the event has actually passed.
With Warsh known for deliberately avoiding traditional forward guidance, traders should brace for continued elevated volatility across XRP and other majors regardless of how his remarks are ultimately interpreted in the days ahead. 📉📈
$XRP #XRP #Ripple #JacksonHole #CryptoVolatility #CryptoNews
Analyst Michaël van de Poppe noted that the choppy price action seen across markets this week may have largely been driven by uncertainty ahead of the speech itself, rather than any single fundamental shift — meaning some of this volatility could settle out now that the event has actually passed.
With Warsh known for deliberately avoiding traditional forward guidance, traders should brace for continued elevated volatility across XRP and other majors regardless of how his remarks are ultimately interpreted in the days ahead. 📉📈
$XRP #XRP #Ripple #JacksonHole #CryptoVolatility #CryptoNews
