Fed's Powell: Job market no longer "solid"; more rate cuts inevitable. Crypto & XRP predicted to surge.

Fed's Powell: Job market no longer "solid"; more rate cuts inevitable. Crypto & XRP predicted to surge.

Federal Reserve Chair Jerome Powell has indicated that the U.S. job market is no longer "solid," signaling a potential shift in monetary policy. This revelation comes as the Federal Reserve grapples with the dual challenge of managing inflation and supporting economic growth. Powell’s comments suggest that the central bank may be poised to implement further interest rate cuts in the near future. In the crypto market, recent developments have been mixed. XRP, despite a 9% price drop to $2.70, has seen renewed interest with the launch of the first U.S. spot XRP ETF, which posted $37.7M in first-day trading volume. However, the ETF’s initial success was marred by heavy selling and liquidations, erasing about $8M in long positions. Analysts note that XRP exchange reserves reached a 12-month high, indicating potential supply concerns in the short term. Despite these challenges, some technical indicators suggest a possible recovery, with upside targets of $9.90 and even $20 if major resistance levels are broken . Solana, on the other hand, has seen a 6% decline to $224, testing important support levels. Despite this, the network’s growth remains robust, with Solana capturing 85% of all new coin launches in 2025 and deploying over 85M coins this year alone. Analysts are confident about its potential to reach $300 by year-end, citing both developer activity and rising institutional adoption. The recent pullback could present a discounted entry point, but a breakdown below $199 could signal further downside . In contrast, BlockDAG (BDAG) continues to surge, raising nearly $420 million and selling 26.5 billion+ coins. The project has secured a high-profile partnership with the BWT Alpine Formula 1® Team, positioning it as a top crypto to buy now. With a presale price of just $0.0015 in batch 30, BlockDAG offers a unique opportunity for investors seeking proven growth potential with mainstream visibility already secured . President Donald Trump has been vocal about his desire for the Federal Reserve to lower interest rates, citing potential savings for the government. However, analysts caution that Trump's claims may be overstated. While lower rates could save the government money in the short term, large rate cuts could have unintended consequences, potentially leading to higher long-term rates and increased borrowing costs . In conclusion, the Federal Reserve’s potential for further rate cuts and the mixed performance of XRP and Solana highlight the complexities of the current financial landscape. BlockDAG, with its strategic partnership and presale trajectory, presents an intriguing opportunity for investors seeking growth potential. As the market continues to evolve, investors should remain vigilant and consider the potential risks and rewards associated with each asset.