XRP and Crypto Market Expecting Fed Rate Cut – Analyst Sees Bullish Potential

A prominent crypto analyst, Steph Is Crypto (@Steph_iscrypto), suggests the Federal Reserve’s upcoming rate decision might be bullish for both XRP and the wider cryptocurrency market. Based on the probability of the September 17th FOMC meeting outcome, they share a chart showing an 89.7% chance of a lower target range to 400-425 basis points compared to the current 425-450. Only 10.3% anticipate rates staying unchanged. This data signifies a decisive shift in market sentiment towards cuts, aligning with widespread anticipation of rate reductions after maintaining these levels for an extended period.