Trump's Crypto Meeting and Fed Minutes Set Stage for Bitcoin, XRP Price Action

This week is crucial for Bitcoin and XRP as four major events could influence their prices. President Trump will meet crypto leaders and US regulators, including SEC and CFTC heads, to discuss crypto regulation, particularly the stalled Digital Asset Market Clarity Act affecting XRP.

The Federal Reserve's minutes from July's meeting will reveal insights on interest rate paths, impacting risky assets like crypto. Additionally, the CFTC's first crypto advisory panel and Japan's economic data releases, including inflation and growth reports, could affect market sentiment.

These developments may determine if Bitcoin and XRP break their recent trading ranges. Ross Gerber, an investor, says gold is still easier to use than Bitcoin for everyday transactions, despite Bitcoin's promises as a global payment system.