The post XRP Supply Shrinks: Is Ripple Preparing Big Move? appeared on BitcoinEthereumNews.com. Amid looming crypto market uncertainty, another batch of XRP tokens has been locked in escrow for the second time this week, according to data from on-chain tracking platform Whale Alert. The data shows that 4,000,000 XRP, worth approximately $11.21 million, has been mysteriously locked in escrow. While the source did not reveal the identity behind the transaction, speculators suggest that the move may have been executed by the San Francisco-based blockchain company Ripple, as it reflects one of the regular activities it undertakes to manage the circulating supply of XRP. The action, which has stirred discussions across the crypto community, seeks to tighten the short-term supply of XRP, thereby fueling scarcity and potentially driving a price upsurge. How will XRP respond? The move comes at a time when XRP is trading in deep red territory, as panic selling increasingly floods the market, causing it to lose momentum and fall well below the crucial $3 mark. Despite the rapid price rally experienced during the first week of October, the market suddenly flipped bearish, sparking fear and uncertainty among investors. In a bid to stabilize the situation, the portion of XRP has been locked in escrow to reduce the circulating supply, aiming to ease selling pressure in the near term. Earlier this month, Ripple unlocked 1 billion XRP tokens from its escrow accounts to fulfill its scheduled monthly release, boosting supply amid a significant price rally. With two batches of 4,000,000 XRP returned to escrow for the second time this month, speculators suggest that Ripple may be retrieving some of its recently unlocked tokens to control circulation as demand has subsided substantially. The move seeks to mitigate oversupply and protect the token’s value from further declines. Nonetheless, XRP has yet to respond significantly, as its price continues to slide. Data from CoinMarketCap… The post XRP Supply Shrinks: Is Ripple Preparing Big Move? appeared on BitcoinEthereumNews.com. Amid looming crypto market uncertainty, another batch of XRP tokens has been locked in escrow for the second time this week, according to data from on-chain tracking platform Whale Alert. The data shows that 4,000,000 XRP, worth approximately $11.21 million, has been mysteriously locked in escrow. While the source did not reveal the identity behind the transaction, speculators suggest that the move may have been executed by the San Francisco-based blockchain company Ripple, as it reflects one of the regular activities it undertakes to manage the circulating supply of XRP. The action, which has stirred discussions across the crypto community, seeks to tighten the short-term supply of XRP, thereby fueling scarcity and potentially driving a price upsurge. How will XRP respond? The move comes at a time when XRP is trading in deep red territory, as panic selling increasingly floods the market, causing it to lose momentum and fall well below the crucial $3 mark. Despite the rapid price rally experienced during the first week of October, the market suddenly flipped bearish, sparking fear and uncertainty among investors. In a bid to stabilize the situation, the portion of XRP has been locked in escrow to reduce the circulating supply, aiming to ease selling pressure in the near term. Earlier this month, Ripple unlocked 1 billion XRP tokens from its escrow accounts to fulfill its scheduled monthly release, boosting supply amid a significant price rally. With two batches of 4,000,000 XRP returned to escrow for the second time this month, speculators suggest that Ripple may be retrieving some of its recently unlocked tokens to control circulation as demand has subsided substantially. The move seeks to mitigate oversupply and protect the token’s value from further declines. Nonetheless, XRP has yet to respond significantly, as its price continues to slide. Data from CoinMarketCap…

                                                                               Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus.                     US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more