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- 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Is a Big Rally Coming in XRP? Analyst Assessed the Current Situation, "The Signal That Previously Brought 200% Increase is Lit Again!" He Said!
US President Donald Trump's new customs tariff policy against China and several countries caused sharp declines in Bitcoin and altcoins.
BTC fell to the level of 91,000 dollars, and significant losses were also seen in altcoins. Ethereum (ETH) dropped to the level of 2,100 dollars, XRP to the level of 1.8 dollars, and Solana (SOL) declined to the level of 180 dollars.
However, as the market recovered afterwards, market analyst Omkar Godbole said that XRP gave a potential breakout signal against BTC.
An analyst said that despite the challenges altcoins have faced amidst global economic uncertainty, XRP has shown signs of upward movement.
The analyst based on the XRP/BTC ratio noted that the ratio has approached the upper Bollinger Band on the monthly chart for the first time since 2017.
The analyst, who stated that this situation is a strong indication of a bullish signal, referred to April 2017.
The analyst also pointed out that in 2017, XRP/BTC broke the upper Bollinger band, and then XRP made a big move, experiencing a 200% increase.
If history repeats itself and the XRP/BTC rate breaks the upper Bollinger band, there may be a big rise in store for XRP.
XRP, which has experienced a 9% increase in the last 24 hours, continues to trade at $2.6 as of the time of writing.