XRP increases by 4% as probability of Fed rate cut reaches 99%

XRP escalated to $2.99, supported consistently above $2.88, while facing resistance near $2.99. Federal Reserve futures indicate a 99% probability of a 25-bps cut, enhancing crypto market conditions ahead of October’s SEC ETF rulings.

Ongoing accumulation of XRP by major investors highlights bullish sentiment, with reports suggesting 10 million tokens bought in a short timeframe. Six ETF applications pending review may influence XRP’s valuation and market dynamics.

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