XRP Stabilizes at $1.30 After Fed Rate Hike and CLARITY Act Failure
- —XRP is trading at $1.30, down about 10% over the week
- —The Fed raised rates by 25 bps to 3.75–4% — the first hike since 2023
- —$26.9 million in XRP longs liquidated versus $3.59 million in shorts
- —XRP funding rate on Binance turned negative — around -0.0053%
Why it matters: Lower long leverage reduces the risk of cascading liquidations, but sustainable XRP growth requires real spot demand rather than new borrowing.
Source: Invezz