Powell's Payment System Update Fuels XRP Hopes

Crypto researcher Michelle Kirby believes that recent news from former Federal Reserve Chair Jerome Powell is good for XRP holders. In a video, she pointed to Powell's announcement about updating the Fed's payment system as a signal worth acting on.

Kirby thinks large players pushed the price of XRP down through heavy sell orders, triggering stop-losses across the market and forcing retail investors to sell. She sees this as an opportunity for holders to buy in at lower prices, saying 'those are buy orders' in her opinion.

Powell's statement carries weight because he sits on the Board of Governors until January 2028 and votes on Federal Reserve decisions. His public comments have credibility built over years leading the institution. Kirby believes this update is a major shift that large players are positioning themselves for, making it an opportunity to accumulate.

Kirby warns against selling due to volatility, saying it's not a reason to sell but rather an opportunity to buy. She urges holders to stay the course and resist pressure from large sell orders.