XRP Faces Double-Edged Catalysts as Fed Decision Approaches

The recent hawkish comments from Fed Chair Kevin Warsh have already had a significant impact on XRP's price, sending it down to $1.36 and triggering roughly $488 million in leveraged liquidations within 24 hours.

XRP has since traded near $1.35 today, August 31, down about 10% over the past week, but still up roughly 31% for the month.

The upcoming rate decision on September 16 could have a significant impact on XRP's price, with some analysts predicting a 25-basis-point hike in rates.

A confirmed rate hike would likely put pressure on XRP in two main ways: it would make borrowing money to trade more expensive, and investments such as Treasury bonds would become more appealing.