XRP Catalysts in September May Turn Out to Be Negative

XRP's holders are eagerly anticipating three potential catalysts in September, but experts warn that they may have a negative impact on the coin.

The first catalyst is the upgrade to the XRP Ledger (XRPL), which aims to increase its throughput capacity. However, this upgrade could lead to decreased transaction fees, making it less appealing to financial institutions.

The second catalyst is the Federal Reserve's interest rate decision. Despite some investors' expectations of a rate cut, the base case scenario suggests a hike, which would negatively affect XRP's price.

The third catalyst is the Clarity Act vote, but even if it passes, its impact on XRP's price will be minimal. Prediction markets give the bill only a 15% chance of passing.