XRP price hints at a potential bounce, backed by spike in key metrics. But the looming US Federal Reserve interest rate cut coupled with the US presidential elections could threaten Ripple’s recovery rally. This has left investors with a single question – Will the US election affect XRP prices?
XRP Price Contemplates Recovery
On the daily time frame, XRP price shows signs of a bounce after a 20% crash since August 24. The recovery rally is supported by by technicals that suggest an incoming bounce. Furthermore, on-chain analysis adds credence by noting a lack of selling pressure. But investors must be careful as the upcoming US Federal Reserve interest rate cut in September and the US Elections are two events that could impact XRP price and the broader crypto markets.
US Election Impact on Bitcoin, Ethereum & XRP Prices
The US presidential election, set to be held on Tuesday, November 5, will play a pivotal role in setting the bias for the US financial markets as well as the cr
We współpracy z: https://coingape.com/markets/will-us-election-affect-xrp-price/
