Jerome Powell's speech in Jackson Hole stirred the markets, and the impact was soon felt in the crypto ecosystem.
🔻 The cryptocurrency #XRP was dragged down by the overall crash and fell by 2.6%, a larger pullback than the slight decline recorded by the S&P 500.
This movement is part of a flash crash triggered by the massive sell-off of a #Bitcoin whale, which led to a wave of liquidations and sell-offs across the market.
👉 The case of XRP reflects how crypto assets remain highly sensitive to both macroeconomic factors (such as signals from the Fed) and movements by major players in the ecosystem.
Will this pullback be a mere market shakeup or a sign of greater downward pressure for XRP in the short term?
#CryptoNewss #BTC #ETH #xrp #altcoins #Markets #trading #Blockchain #JeromePowell
