XRP News Today: Crypto Market Surges $250 Billion as Fed Rate Cut Hopes Boost Bitcoin and XRP

Cryptocurrency markets have experienced a significant surge in recent weeks, with several major assets reaching new price highs. Bitcoin, the leading digital currency, has surpassed $117,000, while Ethereum has climbed to nearly $4,900, having broken key resistance levels that indicate a potential long-term bullish trend [1]. The rally has also extended to other prominent tokens, including XRP, which has risen over 10% in a single day to reach $3.10, fueled by renewed interest in spot ETF proposals [2]. Over the past 24 hours, the broader market saw an unprecedented $250 billion increase in total valuation, marking one of the most dramatic surges in recent history [3].

The rise in cryptocurrency prices is largely attributed to expectations of interest rate cuts by the U.S. Federal Reserve, with Fed Chair Jerome Powell hinting at the potential for an easing cycle later this year [4]. Analysts suggest that lower interest rates tend to enhance the attractiveness of high-risk, high-reward assets like cryptocurrencies, as investors seek better returns in a lower-yield environment. Some forecasts indicate that Bitcoin could test $130,000 and Ethereum could reach $5,500 by the end of the year if the Fed moves to cut rates in September [5].

Regulatory developments have also contributed to the upward momentum. Six firms have updated their spot XRP ETF proposals with the U.S. Securities and Exchange Commission, signaling growing institutional interest and reinforcing market confidence in the asset [2]. At the same time, Ethereum has seen significant liquidity and trading volume, with 24-hour volume reaching $45 billion as it continues to consolidate its leadership in the blockchain sector [6].

Market optimism is further fueled by the anticipation of more crypto-related financial products, including ETFs, which analysts believe could elevate the market to new levels, especially for altcoins like Solana and XRP [7]. However, the bullish trend remains sensitive to macroeconomic signals. A surprise decision by the Fed to hold rates or stronger-than-expected economic data could disrupt the current trajectory [5].

The recent price movement has prompted investors to reassess their strategies, from short-term trading tools to long-term staking solutions, as they navigate a rapidly evolving market. As the interplay between macroeconomic factors, regulatory developments, and institutional adoption continues to shape the landscape, the path forward for digital assets remains closely tied to broader financial market dynamics [1].

[1] Best Crypto to Buy Now as Market Rises Liquidating $500 Million in Shorts (https://cryptodnes.bg/en/best-crypto-to-buy-now-as-market-rises-liquidating-500-million-in-shorts/)

[2] XRP Price Jumps 10% as Six Firms Update Spot XRP ETF Proposals with SEC (https://coincentral.com/xrp-price-jumps-10-as-six-firms-update-spot-xrp-etf-proposals-with-sec/)

[3] Crypto Market Rebounds with Staggering $250 Billion Surge in Just 24 Hours (https://coinstelegram.com/news/crypto-market-rebounds-with-staggering-250-billion-surge-in-just-24-hours/)

[4] Bitcoin and Crypto Stocks Skyrocket Following Powell’s Rate Cut Hint (https://www.msn.com/en-us/money/markets/bitcoin-and-crypto-stocks-skyrocket-following-powell-s-rate-cut-hint/ar-AA1L5C6l)

[5] Bitcoin and Ethereum’s Response to Fed Easing Signals (https://www.ainvest.com/news/bitcoin-ethereum-response-fed-easing-signals-september-inflection-point-digital-assets-2508/)

[6] Ethereum Skyrockets to $4,746: Major Players Drive ETH (https://investx.fr/en/crypto-news/ethereum-skyrockets-4746-whales-driving-eth-new-heights/)

[7] As Crypto Gains Momentum, Solana and XRP Shine (https://www.cmegroup.com/openmarkets/equity-index/2025/As-Crypto-Gains-Momentum-Solana-and-XRP-Shine.html?utm_campaign=distribution&utm_medium=rss&utm_source=barchart)