{"id":704497,"date":"2024-05-22T16:40:48","date_gmt":"2024-05-22T14:40:48","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=704497"},"modified":"2024-05-22T16:41:49","modified_gmt":"2024-05-22T14:41:49","slug":"xrp-set-for-recovery-as-crypto-market-braces-for-federal-reserves-next-move","status":"publish","type":"post","link":"https:\/\/crypto-news-flash.com\/es\/xrp-set-for-recovery-as-crypto-market-braces-for-federal-reserves-next-move\/","title":{"rendered":"XRP Set for Recovery as Crypto Market Braces for Federal Reserve&#8217;s Next Move"},"content":{"rendered":"<ul>\n<li aria-level=\"1\"><b>Tom Lee forecasts Bitcoin could reach $150,000 if the Fed announces it has controlled inflation effectively.<\/b><\/li>\n<li aria-level=\"1\"><b>Recent approvals of crypto ETFs enhance access for investors, channeling more institutional capital into the market.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Analysts anticipate an increase in the cryptocurrency market linked to a possible shift in the U.S. Federal Reserve&#8217;s inflation policy. According to a <\/span><a href=\"https:\/\/forbes.com\/sites\/digital-assets\/2024\/05\/16\/still-early-sudden-6-trillion-fed-inflation-flip-predicted-to-unleash-a--bitcoin-ethereum-xrp-and-crypto-price-boom\/\"><span style=\"font-weight: 400;\">Forbes report<\/span><\/a><span style=\"font-weight: 400;\">, this change might stimulate a considerable rise in the prices of prominent digital assets like <\/span><b>Bitcoin and XRP<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b>Tom Lee<\/b><span style=\"font-weight: 400;\">, managing partner at <\/span><b>Fundstrat Global Advisors<\/b><span style=\"font-weight: 400;\">, suggests that if the Federal Reserve announces successful control over inflation, it could trigger a substantial return of capital to the market. He estimates that <\/span><b>Bitcoin could potentially reach a price of $150,000<\/b><span style=\"font-weight: 400;\">, more than doubling its current value of approximately $71,000.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u2018Still Early\u2019\u2014Sudden $6 Trillion Fed Inflation Flip Predicted To Unleash A Bitcoin, Ethereum, XRP And Crypto Price Boom <a href=\"https:\/\/t.co\/vYpsbgSq6l\">https:\/\/t.co\/vYpsbgSq6l<\/a> <a href=\"https:\/\/t.co\/doEjvOef58\">pic.twitter.com\/doEjvOef58<\/a><\/p>\n<p>&mdash; Forbes (@Forbes) <a href=\"https:\/\/twitter.com\/Forbes\/status\/1790811973673730164?ref_src=twsrc%5Etfw\">May 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">This projection is partly based on recent data showing a slowdown in the U.S. consumer price index, which increased by 0.3% in April, a decrease from 0.4% in March. This data indicates that the Federal Reserve&#8217;s rate hikes may be effective in reducing inflation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/es\/ripple-se-une-a-meta-kraken-y-coinbase-para-proteger-a-millones-de-clientes-globalmente-alcanzara-xrp-el-dolar\/\"><span style=\"font-weight: 400;\">optimism surrounding<\/span><\/a><span style=\"font-weight: 400;\"> cryptocurrencies is further bolstered by the approval of several crypto exchange-traded funds (ETFs) since January.<\/span><\/p>\n<p><b>XRP<\/b><span style=\"font-weight: 400;\">, currently the third-largest cryptocurrency by market capitalization, has faced challenges in recovering its highest value following a prolonged <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/es\/demanda-de-ripple-ante-la-sec-la-sec-impugna-la-apuesta-de-ripple-por-la-privacidad-insights-inside\/\"><span style=\"font-weight: 400;\">legal confrontation<\/span><\/a><span style=\"font-weight: 400;\"> with the U.S. Securities and Exchange Commission.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, analysts believe that if the broader cryptocurrency market experiences the forecasted surge, XRP could benefit. There is speculation that <\/span><b>XRP&#8217;s price could exceed $1<\/b><span style=\"font-weight: 400;\"> and possibly rise further if Bitcoin reaches the $150,000 mark.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP has been relatively subdued, but the potential market surge could drastically change its position. With the regulatory issues with the SEC largely addressed, XRP might soon experience a <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/ripple-files-for-rlusd-trademark-as-xrp-shows-bullish-signs\/\"><span style=\"font-weight: 400;\">major resurgence<\/span><\/a><span style=\"font-weight: 400;\"> and potentially regain its position as one of the top-performing assets in the market. This anticipated market boom could redefine the financial trajectory for XRP and other cryptocurrencies.<\/span><\/p>\n<div class=\"cryptoboxes\" id=\"mcw-345586\" data-realtime=\"on\"><div class=\"mcw-chart mcw-chart-light\" data-font = \"inherit\" data-coin = \"xrp\" data-symbol = \"XRP\" data-currency = \"USD\" data-rate = \"1\" data-type = \"chart\" data-view = \"day\" data-theme = \"light\" data-smooth = \"true\" data-areacolor = \"\" data-bgcolor = \"\"><\/div><\/div><p><b>Ripple XRP<\/b><span style=\"font-weight: 400;\"> is currently at <\/span><span style=\"color: #339966;\"><b>$0.53078 USD<\/b><\/span><span style=\"font-weight: 400;\">, down <\/span><span style=\"color: #ff0000;\"><b>1.14%<\/b><\/span><span style=\"font-weight: 400;\"> recently. In the last week, its value increased by <\/span><span style=\"color: #339966;\"><b>5.93%<\/b><\/span><span style=\"font-weight: 400;\">, but it is down 14.59% in the last six months. Its market capitalization is $29.32 billion USD, and its all-time high was $3.31700 USD.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a circulating supply of 55.29 billion XRP, it is anticipated that the price of XRP could rise to $0.56 USD in the near term if it overcomes key resistances. Some analysts anticipate a significant breakout similar to Bitcoin, with possible $2 to $3 levels in the long term. However, this prediction does not constitute financial advice.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tom Lee forecasts Bitcoin could reach $150,000 if the Fed announces it has controlled inflation effectively. Recent approvals of crypto ETFs enhance access for investors, channeling more institutional capital into the market. Analysts anticipate an increase in the cryptocurrency market linked to a possible shift in the U.S. Federal Reserve&#8217;s inflation policy. According to a<\/p>\n","protected":false},"author":91,"featured_media":704491,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-704497","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts\/704497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/comments?post=704497"}],"version-history":[{"count":0,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts\/704497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/media\/704491"}],"wp:attachment":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/media?parent=704497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/categories?post=704497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/tags?post=704497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}