XRP Soars on Powell’s Talk, Fueled by ETF Speculation

A surge in risk-on sentiment fueled the climb of XRP, as investors capitalized on a market bounce after Federal Reserve Chair Powell signaled potential easing of interest rates. This positive macro tailwind provided impetus for the cryptocurrency, pushing it past the $4,500 mark and triggering a sharp rebound following the recent V-shaped recovery. Analysts believe the rising tide in DeFi applications and increased institutional investment are contributing to this growth.