Will Powell’s Speech Delay XRP Price Surge to $1.3?

Quick Summary:

XRP price breakout and rally to $1.3 could be delayed after Federal Reserve Chair Jerome Powell’s controversial remarks during his speech on Thursday.

While this is not a direct jab at Ripple, any perceived political interference could create market volatility, affecting investor sentiment and potentially impacting the crypto market, which XRP is a part of.

The RSI also points upward, showing that buying pressure could be building to propel the price.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: IndiaUnited States

Topics: XRP price Price Analysis XRP price analysis XRP

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 08:56:04 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 45 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23468999

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Main Topics: Crypto

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