Ripple’s XRP is trading below the $1.20 mark on Friday, holding short-term support near $1.13 after an early-week rally stalled at $1.28. The rejection at higher levels has dampened market sentiment, prompting traders to reduce exposure amid growing macroeconomic uncertainty. Weak investor sentiment weighs on crypto markets Cryptocurrency markets have been under pressure following a hawkish signal from the Federal Reserve during Wednesday’s American trading session. Policymakers reiterated their commitment to achieving the long-term 2% inflation target, fueling expectations that tighter monetary conditions could persist longer than previously anticipated. Market participants also reacted to comments from Federal Reserve Chair Kevin Warsh, who appeared to prioritize economic stability over premature monetary easing during his first post-meeting press conference.
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