XRP Price Prediction After Rate Cut: Key Levels to Watch & Why $HYPER Could B...
What to Know: ➡️ The Fed’s rate cut failed to lift crypto markets, as the move was likely fully priced in. ➡️ $XRP price prediction points to the $2.70 resistance. A strong breakout could pave the way to $4.50 in the short term and $15 in the long term. ➡️ Investors are backing Bitcoin Hyper ($HYPER) as the next 1000x crypto to ride the wave of utility-driven altcoins. In hindsight, a sell-off after yesterday’s rate cut decision does make sense. After all, over 98% of market participants anticipated the cut – and when a move is that widely expected, there’s simply no fuel left behind it.....
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The US Federal Reserve cut the key interest rate by 0.25 points, with the change coming into effect at 2 PM ET. U.S. Federal Reserve Chair Jerome Powell gave a press conference on the same day, hinting the cut is a risk management move. He went on to say that ‘[…] a quarter point won’t make a huge difference to the economy,’ but that further cuts were inevitable. Bitcoin reacted with a slight dip to $116.2K, reflecting traders’ caution despite the cut going into effect. Overall, Bitcoin has been trading sideways, still trying to find support above $117K. With investors waiting....