XRP News Today: Altcoin Investors See Over 40% Gains Amid Fed Policy Anticipation as BNB Hits $810

Altcoin investors recorded gains surpassing 40% in July as crypto markets navigated heightened volatility amid anticipation of Federal Reserve (Fed) policy developments [1]. August has emerged as a pivotal month, with market participants closely monitoring inflation indicators, employment data, and Fed decisions that could reshape asset valuations. Analysts emphasize the interplay between macroeconomic signals and crypto price dynamics, particularly for key tokens like XRP, ETHBTC, BNB, and AVAX [2].

The XRP token has drawn attention as it approaches $3.2, rebounding from a prior peak of $3.6. A shift in U.S. Securities and Exchange Commission (SEC) leadership has been interpreted as a cautiously optimistic development for the sector, though price action remains subject to broader market sentiment. If XRP sustains momentum, analysts suggest it could target $4; however, dips to $2.93 or $2.68 are seen as potential support levels [3]. The ETHBTC pair, meanwhile, has shown resilience, recovering to 0.033 after testing 0.03BTC. Breakout above this threshold could signal renewed demand for altcoins, while a decline in Bitcoin’s dominance might trigger a retest of 0.03 levels [4].

BNB Coin has reached a new high near $810, surpassing its previous record of $795. This surge suggests a potential path to four-figure territory, though caution is advised. Analysts warn that broader market weakness could pressure the token to retrace to $752 or $720 [5]. In contrast, AVAX remains constrained near $27, with daily closures above this level required to challenge the $32 resistance. A breakdown could see the token fall to $22.5 or $21.4 [6].

The upcoming week is critical, with Fed Chair Jerome Powell’s remarks expected to shape market direction. The fading narrative of a September rate cut, once a dominant theme since June, adds uncertainty to short-term price trajectories. Rapidly evolving economic data will test market resilience, with crypto assets likely to react swiftly to policy signals [7].

Source: [1] [Experience Surges in Crypto Markets While Key Signals Unfold] [https://coinmarketcap.com/community/articles/6886219ff196495074ef7a57/]

[2] [Experience Surges in Crypto Markets While Key Signals Unfold] [https://coinmarketcap.com/community/articles/6886219ff196495074ef7a57/]

[3] [Experience Surges in Crypto Markets While Key Signals Unfold] [https://coinmarketcap.com/community/articles/6886219ff196495074ef7a57/]

[4] [Experience Surges in Crypto Markets While Key Signals Unfold] [https://coinmarketcap.com/community/articles/6886219ff196495074ef7a57/]

[5] [Experience Surges in Crypto Markets While Key Signals Unfold] [https://coinmarketcap.com/community/articles/6886219ff196495074ef7a57/]

[6] [Experience Surges in Crypto Markets While Key Signals Unfold] [https://coinmarketcap.com/community/articles/6886219ff196495074ef7a57/]

[7] [Experience Surges in Crypto Markets While Key Signals Unfold] [https://coinmarketcap.com/community/articles/6886219ff196495074ef7a57/]