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XRP risks extending drop as June lows come into view
Ripple (XRP) ticks down below $1.20 with short-term support at $1.16 intact at the time of writing on Thursday. An early-week rally was rejected at $1.28, weighing on sentiment as traders broadly de-risked. The Federal Reserve’s (Fed) hawkish stance and the hint of a tighter monetary policy aimed at achieving the long-term 2% inflation target continue to weigh on the crypto market since the American session on Wednesday. The possibility of a rate hike in 2026 is back on the table, as Fed Chair Kevin Warsh appeared to prioritize stability over early easing in his first post-meeting press conference. Cryptocurrencies ... (full story)
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