Tag: institutions

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XRP fails to push above $2.35 despite ETF inflow; Check forecast

The post XRP fails to push above $2. 35 despite ETF inflow; Check forecast appeared com. Key takeaways XRP is up by less than 1% in the last 24 hours and is trading at $2. 2 per coin. XRP ETFs continue to record inflows as institutions position for the next run. XRP ETFs continue to record inflows Ripple’s XRP is up by less than 1% in the last 24 hours and is currently trading above $2. 2 per coin. The positive performance comes after XRP dropped below the $2. 18 level on Wednesday. Interest in spot XRP ETFs continues to improve since their launch two weeks ago. There are currently four XRP ETFs operating in the US, including Canary Capital’s XRPC, Bitwise’s XRP, Grayscale’s GXRP, and Franklin Templeton’s XRPZ. Data obtained from SoSoValue reveal that the four XRP ETFs recorded $35 million in inflows on Tuesday, bringing the cumulative volume to $622 million and net assets to $645 million. The inflow suggests that the market sentiment is improving, with more institutional investors positioning for a possible rally in the near to medium term. However, retail demand remains low, with futures Open Interest (OI) still below $4 billion since the decline on November 11. CoinGlass data shows that XRP’s OI averaged $3. 96 billion on Wednesday, down from $4 billion the previous day. XRP futures OI hit a record high of $10. 94 billion on July 22 as XRP hit a high of $3. 66. However, it has declined since then as XRP has lost nearly 50% of its value. If the OI recovers above $4 billion, it will signal growing retail demand, and XRP’s price could surge higher in the near term. XRP is still struggling below $2. 35 The XRP/USD 4-hour chart is bearish and inefficient as XRP has failed to push past the $2. 35 resistance level over the past few days. XRP tested and found support around the $1. 85 level during.

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Critical Fed Interest Rate Decision to Be Announced Tomorrow: Morgan Stanley Announces Its Outlook for October and Beyond! Stands Out from the Others!

The post Critical Fed Interest Rate Decision to Be Announced Tomorrow: Morgan Stanley Announces Its Outlook for October and Beyond! Stands Out from the Others! appeared com. The US Federal Reserve (Fed) will announce its critical October interest rate decision tomorrow. As the world awaits the Fed’s decision, markets are pricing in a 25 basis point rate cut at 97. 8%. Ahead of the Fed meeting, which is eagerly awaited by global markets, including crypto markets, Morgan Stanley announced that it expects the Fed to lower its policy rate by 25 basis points to the 3. 75-4. 00 percent range this week, in line with general market expectations. A report prepared by Morgan Stanley economists stated that the failure to release key US economic data due to the government shutdown will not prevent the Fed from deciding to cut interest rates. Economists say the Fed will continue to signal the possibility of additional interest rate cuts by maintaining its “easing trend,” but the government shutdown will create uncertainty about the Fed’s decisions for December and next year. Therefore, Morgan Stanley stated that they expect Fed Chair Jerome Powell to maintain his “data-dependent” stance and that easing signals will continue. While Morgan Stanley is making a prediction on the uncertainty for the upcoming meetings and interest rate decision, financial institutions such as Bank of America (BofA), CIBC and RBC predict that the Fed will pause and take a break from interest rate cuts at its next meeting following this week’s October interest rate cut. *This is not investment advice. account now for exclusive news, analytics and on-chain data! Source:.

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