Why XRP Is Falling Today
Most cryptocurrencies continued to struggle today after a flash crash earlier this week that may have removed some leverage out of the space. Today, however, investors seem more focused on economic data as they continue to grapple over how many interest rate cuts the Federal Reserve will make between now and the end of 2026.
Since yesterday afternoon, the price of XRP (CRYPTO: XRP) was roughly 4% lower, as of 12:06 p.m. ET today.
Heading into the Fed's meeting earlier this month, most of the market thought the Fed could potentially cut rates five or six times between now and the end of 2026. But Fed Chairman Jerome Powell called the recent quarter-point cut a "risk management cut" in case the economy were to slow significantly. The majority of Fed members expect another two rate cuts this year and then only one in 2026.
Source Fool.com
