XRP Soars as Fed Hints at Holding Interest Rates Steady

XRP saw significant gains on Thursday, September 3, 2026, rising by 9.3% over the past 24 hours to reach a price of $1.45 per unit. The cryptocurrency's increase was fueled by Federal Reserve Governor Christopher Waller's comments that the Fed may hold interest rates steady at its upcoming meeting.

Waller stated that he would support leaving interest rates unchanged if he likes what he sees from the August inflation report, and would prefer to let prices moderate on their own rather than raising rates prematurely. This shift in sentiment led to a decrease in U.S. Treasury yields, which have been trading near multi-decade highs.

As investors rotated back into riskier assets like Bitcoin and other cryptos, XRP benefited from the changing market landscape. However, it's worth noting that future reports on jobs and inflation will play a crucial role in determining whether today's relief lasts or if rate fears return to spoil the rally.