Why Is XRP Up Today?
Key Points
XRP is following Bitcoin and the broader crypto market higher.
The market is getting a boost from easing bond rates and dovish comments from a Federal Reserve Governor.
Higher oil prices or stronger inflation could revive rate fears and quickly reverse the rally.
- 10 stocks we like better than XRP ›
XRP (CRYPTO: XRP) is up 9.3% over the past 24 hours as of 4:30 p.m. ET on Thursday, Sept. 3, 2026, after Federal Reserve Governor Christopher Waller told Reuters that the Fed could hold rates steady at its upcoming meeting.
The S&P 500 and Nasdaq Composite finished Thursday's trading up 1.1% and 1.4%, respectively.
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Lower rate fears are giving crypto some breathing room
Waller said on Thursday that he would support leaving interest rates unchanged if he likes what he sees from the August inflation report. He said he would prefer to let prices moderate on their own and "refrain from prematurely raising rates to allow a cooling process to play out."
U.S. Treasury yields, which have been trading near multi-decade highs, eased slightly today as well. These two factors led to investors rotating back into riskier assets like Bitcoin and other cryptos like XRP.
The next report could spoil the rally
The next jobs and inflation reports will help determine whether today's relief lasts. If rate fears return, XRP and the rest of the crypto market will give away today's gains.
Image source: Getty Images.
Of course, for smart investors, these short-term price movements aren't worth putting much stock into. Long-term, I still think XRP is not a great investment.
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Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy.
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