Why XRP Is Gaining Today
Key Points
The Federal Reserve Bank of Cleveland said that nearly 40,000 federally mandated layoff notices were sent out in October.
The Fed now has more data pointing to a weak job market.
If the central bank cuts rates further, it could boost assets like XRP.
- 10 stocks we like better than XRP ›
XRP (CRYPTO: XRP) is rising, up 3.2% in the last 24 hours as of 6:09 p.m. on Tuesday. The move comes as the S&P 500 and the Nasdaq Composite gained 0.9% and 1.3%, respectively.
After a brutal few weeks for the crypto market, XRP and others saw green today. Job numbers released by the Federal Reserve Bank of Cleveland late yesterday are raising hopes the Federal Reserve will opt for further rate cuts.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »
October layoff notices hit a record high
The Worker Adjustment and Retraining Notification (WARN) Act requires that workers are given 60 days' notice in the event of mass layoffs or plant closings. And while tracking these notices provides only a partial view of overall U.S. job performance, they are a significant data point, especially when they are this bad.
October's nearly 40,000 WARN notices are one of the highest totals recorded since 2006, when the data was first tracked by the Federal Reserve Bank of Cleveland.
Image source: Getty Images.
The market is hoping more cuts will follow
The news adds to other troubling data that leads many investors to believe the Fed will cut rates once again at its next meeting. Lower rates tend to boost riskier and more speculative investments, like XRP.
And XRP is risky. While the technology that surrounds it is extremely useful for the banks that use it, its continued adoption won't necessarily lead to XRP rising in value. I think much of its current valuation is built on hype, and that hype will inevitably fade.
Should you invest $1,000 in XRP right now?
Before you buy stock in XRP, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and XRP wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $594,786!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,143,832!*
Now, it’s worth noting Stock Advisor’s total average return is 1,021% — a market-crushing outperformance compared to 190% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of November 17, 2025
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.
Recommended Articles
