Fed Rate Hike Could Hit XRP Hard: ChatGPT Reveals How Low Ripple’s Price Could Go
The monetary landscape in the United States changed in the past week or so, first after the hawkish stance taken by the current Federal Reserve Chairman, Kevin Warsh, and then following last Friday’s strong US jobs report.
As such, the expectations have changed, with investors and experts pricing in a potential rate hike for the next FOMC meeting scheduled to take place on September 15-16.
After answering how this could impact BTC, we turned our focus to XRP, whose case was described as “arguably more interesting than bitcoin’s,” by ChatGPT. What Happens to XRP Then?
With the current odds on prediction markets at well over 50% for a rate hike in September, the warning signs for risk-on assets are fully flashing.
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