XRP, a leading cryptocurrency, fell 18% following the Federal Reserve's decision to cut interest rates by 0.25%. The decline saw its price drop from $2.7 to $2.2 amidst pressure in the crypto market. This market dip affected not only XRP but also the Bitcoin, which was testing prices at $108,000.
Despite the downturn, experts in the field believe that XRP has the potential to recover and climb above the $2.5 mark. They point to the possibility of market recovery and changes in economic conditions that might influence cryptocurrencies positively.