
As XRP recovered to the $3 mark today, widely followed trader Crashius Clay doubled down on his long-standing bearish outlook. In a post on X, Clay declared that XRP will be one of the easiest and most fundamentally sound short opportunities of this cycle, and possibly in the "history of humanity." He argued that this current bull run is XRP’s last and that no future cycles will bring the token back to relevance.
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Analysts say the crypto market has already priced in Wednesday's interest rate cut, but the Federal Reserve remains divided on an additional cut in December. The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%.Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast:Asset prices remained flat or fell by modest amounts on Wednesday following the FOMC decision, with the price of Bitcoin (BTC) falling by about 2.4% at the time of writing, following Federal Reserve Chair Jerome Powell’s comments signaling that FOMC members are divided on a December rate cut. Read more

