onsg039-Why is XRP price down today?
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+ Add another positionCloseXRP (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: TradingViewContinue Reading on Coin Telegraph