Fed Shift Boosts XRP to 6.6% Gain as Markets Soar

XRP surged in price after the US Federal Reserve signaled it may adopt a less restrictive policy path, sending the global markets into a vertical journey.

The token's value climbed as much as 6.6% during the latest session, with prices briefly trading near $1.45.

This move put XRP back above a closely watched support area after its pullback from an August high near $1.70.

The rally coincided with signs of growing professional interest in XRP, as wealth managers asked more questions about the token during a presentation by Bitwise research analyst Ryan Rasmussen.