XRP Price Jumps 9% In a Week As Fed Rate Cut Odds For Wednesday Hit 97.8% On CME
The XRP price has jumped 9% in the past week and 1.4% in the last 24 hours to trade at $2.65 as of 4 a.m. on a 3% increase in trading volume to $4.69 billion. That increase comes as the odds of a Fed rate cut on Wednesday soared to 97.8%, according to the CME Group’s FedWatch gauge. 🇺🇲 97.8% chance for 25 BPS rate cut at tomorrow's #FOMC 🔥 What di you think will happen after that? pic.twitter.com/D7tgj97mIN — Crypto Seth (@seth_fin) October 28, 2025 The rate decision looms amid a government shutdown that has delayed key jobs and inflation reports, leaving Fed Chair Jerome Powell and policymakers “flying blind,” using private data and market signals instead of official government statistics. Despite these challenges, slow job growth, rising unemployment, and inflation stuck at 3% have convinced most economists that a rate cut is the right move. A cut would bring the federal funds rate down to a range of 3.75%-4% from 4.00%-4.25%. ...