Federal Reserve Chair Jerome Powell is scheduled to speak today, July 1, at 9:30 AM ET. This appearance is already drawing significant interest from crypto traders and XRP analysts. His remarks could carry weight beyond traditional markets, especially if they include any suggestion of a shift toward rate cuts.
With the broader financial system still navigating high borrowing costs, a change in Powell’s tone could provide immediate relief for risk-on assets, including cryptocurrencies.
Powell’s Stance and Trump’s Pressure
The crypto community has closely followed Powell’s recent positioning. Despite pressure from President Donald Trump to begin easing rates, Powell has consistently held off on cuts, keeping monetary policy relatively tight.
Reports recently circulated that Powell planned to resign. This news excited the crypto space as they expected Trump to appoint someone with a more crypto-friendly stance, like he did for the SEC. That development ultimately did not materialize, and Powell remains at the helm. However, his upcoming speech could still mark a turning point.
Why Rate Cuts Matter for the Crypto Market
Crypto analyst Steph (@Steph_iscrypto) emphasized the importance of Powell’s next statement, suggesting that if the Fed Chair hints at a rate cut, it could be the catalyst that sends XRP and the broader crypto market significantly higher. According to Steph, “Crypto & XRP will explode” if Powell indicates even a minor policy shift toward easing.
BREAKING:
FED CHAIR JEROME POWELL WILL SPEAK ON JULY 1 AT 09:30 AM ET.
IF HE HINTS AT A RATE CUT, CRYPTO & #XRP WILL EXPLODE! pic.twitter.com/KbLxuyyR1C
— STEPH IS CRYPTO (@Steph_iscrypto) June 28, 2025
The logic behind that view rests on the relationship between interest rates and investor appetite for alternative assets. When the Federal Reserve cuts rates, the cost of borrowing decreases, which typically boosts liquidity across markets.
Investors often respond by moving capital into higher-risk, high-reward sectors, with crypto being a leading candidate. Lower rates also weaken the U.S. dollar’s relative purchasing power, making assets like Bitcoin, Ethereum, and XRP more attractive as potential stores of value.
What to Expect on July 1
XRP, in particular, has proven sensitive to macroeconomic policy cues. Its price activity often mirrors broader sentiment around regulatory clarity and economic conditions. While the token has been trading within a tight range in recent months, a shift in the Federal Reserve’s stance could act as a breakout trigger.
The Fed has shown a more pro-crypto stance recently, as it removed reputational risk from its supervisory framework, indirectly encouraging more banks to engage with assets like XRP. If his July 1 speech includes hints at easing, the resulting environment could be particularly bullish for XRP, which already benefits from growing institutional interest and expanding use cases.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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