XRP News Today: XRP Tops Crypto Top Ten as ETF Bets Lift October Outlook; BTC Steadies
Explore our full XRP forecast here for key breakout zones and timing insights.
Bitcoin Rebounds as US Consumer Confidence Dip Raises Fed Rate Cut Bets
While XRP rebounded on hopes for a spot ETF approval, Bitcoin (BTC) found much-needed support.
US economic data raised expectations of a September Fed rate cut, boosting demand for risk assets. The US Conference Board Consumer Confidence Index fell from 98.7 in July to 97.4 in August. Notably, concerns about the labor market weighed on the Index.
Fed Chair Powell hinted at a policy pivot during the Jackson Hole Symposium speech, citing a cooling labor market.
According to the CME FedWatch Tool, the chances of a September Fed rate cut increased from 83.7%…
