XRP & the Fed: How Rate Cuts May Boost Prices

Recent hints from the US Federal Reserve about potential interest rate cuts have sent ripples through the crypto market, with XRP showing particular promise as ChatGPT explains why. The Jackson Hole speech by Fed Chair Jerome Powell gave investors a hint that interest rates might be reduced in September, and this fueled optimism for riskier assets like crypto. As prices surged across the board after the speech, XRP saw a significant price drop before ultimately breaking down to its lowest point in weeks. 🤯 This raises questions about how these rate cuts could affect XRP’s future. 📈