🚨🚀 XRP ready to take off, but MACROECONOMICS has it TRAPPED on the ground! 💔💸
Fans of $XRP ! 📢 Ripple's cryptocurrency has its engines running, the tank full of institutional fuel, and is on the runway. But there is a big problem! 😩 No matter how much good news Ripple announces, such as its multimillion-dollar agreements in the United Arab Emirates with Zand Bank and Mamo, or its financial inclusion projects in Colombia, the price of #xrp still does not react! 🤦♀️ It's as if it has a giant "headwind" that prevents it from taking flight. Although Ripple Payments operates in 90 countries and has moved billions of dollars, the use of XRP on its platform is not mandatory, and that takes away direct demand from the token! The eternal promise that XRP will be the "cryptocurrency of banks" is still very, very far from being fulfilled. 🙅♂️
And here comes the "why" of this stagnation: macroeconomics! 🌍 Last week we saw a rebound in the crypto market due to the trade agreement between the U.S. and China, and because Jerome Powell, chairman of the Fed, did not signal tightening interest rates. That was a relief for risk assets! But just when XRP was trying to break above $2.61, Moody's downgraded the outlook on U.S. sovereign debt! 📉 Boom! Confidence in Treasury bonds rose, and speculators fled from cryptos to seek refuge in more stable assets. For XRP, the key is macroeconomic stability. The next Fed meeting on June 18 will be crucial. If Powell gives positive signals, that could be the tailwind XRP desperately needs to close the gap with its all-time high of $3.39! If there is no change that activates risk appetite and transforms uncertainty into euphoria, XRP will remain stuck on the runway, ready but not taking off! 😫
Do you think investors should keep waiting for a big takeoff?
