Crypto analyst predicts Fed rate hike will pressure XRP

Crypto commentator Austin Hilton warned XRP holders that a Federal Reserve decision scheduled for October 27 and 28 could significantly impact cryptocurrency markets. Hilton stated he expects the Fed to raise the base interest rate by 0.25 percent, citing recent high inflation reports from the Consumer Price Index and Producer Price Index as evidence for the move.

Hilton explained that a rate increase would strengthen the U.S. Dollar and raise Treasury yields, prompting investors to shift capital away from risk assets like crypto. He noted that crypto markets are currently operating with thin liquidity and warned that XRP could dip below $1.20 if the rate hike materializes and the market reacts negatively.

Read the full story at Times Tabloid.