XRP Dips 10% Ahead Of FOMC Meeting: Here's What To Expect
Ripple’s XRP coin has seen a substantial dip over the last few days. The coin is down 3.7% in the daily charts and 10.2% in the weekly charts. XRP’s price correction comes just ahead of the Federal Open Market Committee (FOMC) meeting scheduled for later today. Investors may be taking a cautious step in case of a hawkish stance from the Federal Reserve. Despite the downtrend, XRP is still up by 10.5% in the 14-day charts, 43.8% in the monthly charts, and 417.6% since July 2024, as per CoinCodex XRP data. Source: CoinGecko Will XRP Recover From The Dip After The FOMC Meeting? Source: Watcher.Guru The market may face some volatility leading up to the FOMC meeting later today. Investors will likely look for clues about the Federal Reserve’s next monetary policy before taking risky positions. The CME FedWatch tool indicates a 96.9% chance that the Federal Reserve will keep interest rates unchanged. The absence of a rate cut could negatively impact retail investors. The mov...