XRP Tops $3 on Reports of Fed Chair Powell's Likely Ouster
2025-07-16 16:13:49
Main Idea
XRP's price surged above $3 amid reports of potential ouster of Fed Chair Powell, while Bitcoin also saw significant price movement.
Key Points
1. XRP briefly surged above $3 following reports of Fed Chair Powell's potential ouster.
2. Bitcoin approached the $120,000 level during the same period.
3. An anonymous White House official suggested Powell could be fired, though no final decision was confirmed.
4. Major U.S. stock market indices fell on the news, reflecting concerns about Fed stability.
Description
Cryptocurrencies have reacted positively to reports of potential Powell ouster
$XRP
$3.2499
+9.60%
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