XRP Under Pressure: Market Dynamics Create Selling Surge

The cryptocurrency market experienced contrasting effects following the Federal Reserve’s decision to lower interest rates by 25 basis points. While some coins saw gains, XRP faced notable selling pressure. The result was a decrease in price from $2.63 to $2.59 as trading volumes surged by over 650%, reflecting increased bearish sentiment. Significant sell-offs were observed in the form of substantial exchanges from major holders, indicating potential short-term profit-taking.