XRP Tops $3 on Reports of Fed Chair Powell's Likely Ouster

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.