XRP News Today: As Trump Pressures Fed, Crypto Markets Weigh Rate Cuts and Volatility

Trump's renewed pressure on the Federal Reserve to cut interest rates has intensified market speculation ahead of the central bank's October 29 policy meeting, with investors closely watching how the Fed's decision might influence crypto markets. The U.S. president has repeatedly criticized Fed Chair Jerome Powell, dubbing him "Jerome 'Too Late' Powell" and urging swifter action to stimulate economic growth amid a backdrop of rising import tariffs and geopolitical tensions, according to the Economic Times. Trump's rhetoric, which aligns with broader expectations of rate cuts, has sparked volatility in risk assets, including Bitcoin and other cryptocurrencies, according to a Coinotag report.

Bitcoin's price has shown resilience, with on-chain data revealing a $400 million increase in Bitcoin's total value locked (TVL) in decentralized finance protocols over 10 days, signaling renewed long-term confidence, reported by Yahoo Finance. Analysts suggest Bitcoin's appeal is shifting from a gold substitute to a tech-adjacent asset, competing more directly with equities. Markets are pricing in a 96.2% probability of a 375-400 basis point rate cut, according to CME FedWatch data, with positive outcomes from the Trump-Xi Jinping summit on October 30 also seen as potential catalysts for further gains, the Yahoo piece added.

XRP, meanwhile, has surged over 88% from its monthly low, buoyed by institutional demand and the launch of spot ETFs. The CME's XRP futures open interest hit $9.9 billion, while the REX-Ospey XRP ETF has amassed $100 million in assets, according to a Crypto.news report. Ripple's recent advancements, including the launch of Ripple Prime and the RLUSD stablecoin nearing $1 billion in assets, have further fueled optimism. Analysts note that XRP's recovery could extend toward $3 if macroeconomic conditions align with expectations, the Crypto.news article added.

The Fed's policy trajectory remains pivotal. Trump's forecast of 4% U.S. GDP growth in Q1 2026, despite economists' skepticism about the drag from his import tariffs, has amplified calls for accommodative monetary policy, the Economic Times observed. Market observers warn that while a dovish Fed could bolster crypto prices through a weaker dollar, any hawkish pivot or inflationary surprises might trigger pullbacks. The upcoming rate decision and Trump-Xi meeting are seen as critical junctures for risk appetite, analysts told Coinotag.

Institutional crypto adoption is also gaining momentum. Bitwise's $BSOL, the first U.S. spot Solana ETP, debuted on the NYSE on October 28, 2025, as reported by Yahoo Finance, while Grayscale's GDLC ETF now offers diversified exposure to Bitcoin, Ethereum, Solana, XRP, and Cardano, according to Coinpedia. These products reflect a broader trend of regulated crypto access, with Grayscale's Solana Trust recently adding staking to its offerings. Analysts suggest such developments could drive further inflows into crypto markets, particularly if the Fed delivers aggressive rate cuts.

As the Trump administration pushes for a 4% growth rate and $21 trillion in investment inflows by 2026, according to a Coinotag forecast, the intersection of macroeconomic policy and crypto markets remains a focal point. Investors are balancing near-term volatility with long-term optimism, with Bitcoin and major altcoins poised to react sharply to any policy surprises.