onsg039-Why is XRP price down today?
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XRP (XRP) price is down today, mirroring trends elsewhere in the cryptocurrency market as traders await the Federal Reserve rate decision in the week.
On July 24, XRP price dropped 8% to $0.68, underperforming the crypto market’s 3.5% decline on the same day. The XRP/USD pair declined amid growing expectations that the Fed would raise interest rates by 25 basis points in its July 25–26 meeting.XRP/USD vs. the crypto market's daily performance chart. Source: TradingViewThe daily correlation coefficient between DXY and XRP. Source: TradingViewXRP/USD weekly price chart. Source: TradingView
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