XRP Price Has Been Accumulating Within a Tight Range as the Bullish and Bearish Forces Respite for a While

The Ripple community is eagerly waiting for an XRP ETF launch and its potential impact on its price.

The price of XRP has been trading in a holding pattern as the bullish and bearish forces take a brief respite.

In the times when the SEC is considering more rate cuts, the XRP price and the crypto markets are expected to kick off a strong rally.

What Could Spark A Strong XRP Price Rally?

The experts are optimistic about the potential of an XRP ETF launch and its impact on its price. They opine that the SEC’s approval of a potential XRP ETF could be a great catalyst for the upcoming bull run.

On the other hand, the experts also highlight the role of rate cuts in fuelling the XRP price rally. Recently, the ECB slashed rates by 2.25% and markets reacted positively.

However, with the presence of a new variant, the chances of more rate cuts seem slim. But, considering the fact that the XRP’s liquidity is on the rise, yet another rate cut may impact the token in a bullish manner.

After the ECB’s rate cuts, the US SEC is also considering a rate cut, which may boost the upcoming XRP price rally.

Recently, the trade war has shaken up the entire market, which has now started pulling back in order to regain strength. And hence, with a fresh rate cut, the XRP bulls are expected to get a fresh boost.

Recently, the European Central Bank (ECB) slashed interest rates by 2.25%. The surprising announcement came after the macroeconomic statistics for the third quarter of 2024 arrived.

Following the news, the crypto market reacted quickly and kicked off a rally as investors reacted to the possibility of more rate cuts.

However, with the emergence of a new COVID-19 variant, the chances of more rate cuts seem slim. But, considering the fact that the XRP’s liquidity is increasing, another rate cut may impact the token in a bullish manner.

After the ECB’s rate cuts, the US SEC is also considering a rate cut, which may boost the upcoming XRP price rally.

Recently, the trade war has shaken up the entire market, which has started pulling back in order to regain strength. And hence, with a fresh rate cut, the XRP bulls are expected to get a fresh boost.

Moreover, investors are hopeful of the upcoming XRP price rally with a potential ETF and a rate cut.

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