Why XRP Crypto is Pumping?

Why XRP Crypto is Pumping?

#xrp #xrppump #xrpprice #crypto

XRP has surprisingly become a market-leading cryptocurrency, with an almost 8% price increase in the last few months.. While there are mostly speculative or technical reasons behind the growth, there is a strong fundamental cause behind the long-term growth of the asset. In this video we take a look at why XRP is.pumpimg right now in September. Stay tuned

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The price of XRP has jumped by 20% in 24 hours, reaching $0.512129 as of writing. This represents a surge of 56% in a week, as positive developments in the legal battle between Ripple and the SEC indicate that the case could be settled sooner rather than later.

Now what we want to address in this video is what the Fed chairman Jerome Powell said recently and the announcement that the United States Fed is going to be raising rates yet again. Now ,this isn't exactly a shocker since the feds have been talking about this more seriously in the past couple of weeks but they've also been hinting about the fact that they need to get more aggressive in getting inflation under control for the past several months.

Now, the fed should have done this several months ago back in May or June but regardless , they're continuing to raise rates. A few days back they announced a 0.75 % bases point raise making the markets act like bitcoin. Well, recently, everyone swas about Bitcoin- the DoW , the S & P,the dollar were acting extremely volatile thanks to cryptocurrencies. The interesting thing however is that bitcoin acted like bitcoin , acting volatile as well as the crypto market. XRP too had its own moment of volatility. But the interesting thing was that XRP was up since that announcement while pretty much everything else is down. So , what does this announcement mean from a macro perspective?

Well, Jerome Powell basically signalled that next year is going to be a bad year for the housing market. So, if you're looking to flip the new house that you just bought and are hoping that the new house Will gain value in the coming year or so , well, you're in for some bad news. Property value isn't going to spike up , atleast not in the next year or 2. However , don't be dejected as there's some good news. The good news is that if you have some cash saved up, that could be put to good work in the next 6 to 18 months as the housing market could.drop to as much as 20 % as that is what the fed announced recently. They also said it could drop to as much as 50 %, however that could just be a doom and gloom scenario and we don't think it'll drop as much.

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