Why XRP Is Gaining Today
XRP (CRYPTO: XRP) is rising, up 3.2% in the last 24 hours as of 6:09 p.m. on Tuesday. The move comes as the S 500 and the Nasdaq Composite gained 0.9% and 1.3%, respectively.
After a brutal few weeks for the crypto market, XRP and others saw green today. Job numbers released by the Federal Reserve Bank of Cleveland late yesterday are raising hopes the Federal Reserve will opt for further rate cuts.
The Worker Adjustment and Retraining Notification (WARN) Act requires that workers are given 60 days' notice in the event of mass layoffs or plant closings. And while tracking these notices provides only a partial view of overall U.S. job performance, they are a significant data point, especially when they are this bad.
Source Fool.com
