Powell's Speech on July 1 Could Trigger a Major Price Rise of XRP

Federal Reserve Chairman Jerome Powell will deliver a speech today, July 1, at 9:30 AM Eastern Time, and his speech has drawn strong attention from XRP analysts and cryptocurrency traders. Market participants are preparing for the possibility of market volatility if Powell signals any changes in the Fed's current interest rate policy. The speech was made after pressure from U.S. President Donald Trump, who led the charge in urging the Federal Reserve to cut interest rates to stimulate economic recovery. However, Powell still maintains high interest rates by focusing on a cautious approach, including ongoing inflation and tightening in the financial markets. Powell's appearance today is expected to clarify the direction of the Fed. According to cryptocurrency analyst Steph (@Steph_iscrypto), any hints regarding upcoming interest rate cuts could trigger a strong price surge in the cryptocurrency market. Steph notes that XRP has the potential to be significantly affected by policy changes due to this currency's strong historical reactions to macroeconomic signals. XRP is more volatile in response to monetary events, as seen during periods of financial turmoil. When interest rates decrease, investors tend to become accustomed to riskier investments, including cryptocurrencies. A more dovish Powell could be the breakthrough that XRP traders are waiting for. The market's prediction focuses on the potential breakthrough of XRP. Digital assets have remained within a narrow trading range in recent weeks. However, many in the cryptocurrency community believe that changes in the Federal Reserve's policy could draw attention to a price surge. Increased liquidity and weaker dollar valuation, often due to interest rate cuts, tend to draw attention to alternative stores of value such as XRP. In addition, recent adjustments to the policy proposed by the Fed indicate a more lenient approach to cryptocurrencies. The central bank has removed the reputational risk within the supervisory framework, which has drawn attention from more banks to collaborate with digital assets. This action has brought optimism to XRP followers, especially as more organizations show interest in this token. At the beginning of this year, there were rumors that Powell might resign, leading to speculation that someone more lenient towards cryptocurrencies would replace him under President Trump. Although that did not happen, the current circumstances make the speech even more significant, at least for XRP investors. Conclusion While the market awaits Jerome Powell's announcement, the XRP community is closely monitoring every sign of dovishness. A shift towards easing could trigger a major price surge, with analysts warning that XRP is ready to react quickly.