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Fed To Hold Onto Interest Rates, Bitcoin Shows Resilience, XRP Surges
In a move that has sent shockwaves through the financial markets, the Federal Reserve announced today that it will hold onto interest rates. The decision comes amidst concerns over the impact of rising tariffs on inflation and economic growth.
Despite the lack of rate changes, the cryptocurrency market has shown remarkable resilience. Bitcoin (BTC) has managed to stay above $83,000, a feat that many analysts did not anticipate given the current market conditions. In fact, BTC’s performance has been relatively impressive, as it has maintained its value over the past 24 hours despite expectations of a sharp decline.
Meanwhile, XRP has taken a surprising leap forward, surging 12% in just two days to hit $2.12. The sudden surge can be attributed to fresh buying pressure and increased market volatility due to China’s new tariffs on the U.S.
The rally seen in XRP aligns with bullish signals such as the MACD crossover and a rebound from $1.98, with $2.28 resistance in sight. If Bitcoin’s momentum holds, XRP could potentially push towards $2.58.
It is clear that both Bitcoin and XRP have defied expectations, with many market analysts predicting a sharp decline following the president’s tariff announcement.
Source: https://coinpedia.org/news/fed-to-hold-onto-interest-rates-bitcoin-shows-resilience-xrp-surges/
