Crypto Latest Market News: XRP Surges Above $3.00 on Fed Rate Cut Bets and Ripple-BBVA Partnership
Estimated reading time: 5 minutes
- XRP price surged above $3.00, driven by Fed rate cut bets and Ripple-BBVA partnership.
- The partnership signifies increased mainstream adoption of digital assets.
- Broader crypto market capitalization saw a significant boost.
- Positive momentum driven by spot market activity, suggesting sustainability.
- Analysts predict further XRP gains, potentially exceeding 50%.
Contents
XRP Price Jumps, Leading Crypto Market Higher
On Tuesday, September 9, 2025, XRP experienced a significant price surge, jumping 4.15% to reach $3.02 in early UTC hours. This marks the third consecutive day of gains for XRP and pushes the cryptocurrency above the key psychological resistance level of $3.00. This rally is closely tied to two major factors: the increasing likelihood of a Federal Reserve rate cut on September 17th and Ripple’s expanded custody partnership with the Spanish banking giant, BBVA.
The collaboration between Ripple and BBVA signifies a crucial step in the mainstream adoption of digital assets within the traditional financial sector. This partnership, along with the anticipated rate cut, has created a positive sentiment in the market, fueling the XRP price increase. The market’s expectation of a rate cut, currently at a 99% probability, is seen as a catalyst for cryptocurrencies as it signals a potential weakening of the dollar, making cryptocurrencies more attractive as alternative assets. This expectation is reflected in various market analyses.
The immediate market impact of XRP’s surge has been substantial, rippling through the broader cryptocurrency landscape. While XRP led the charge, other major cryptocurrencies also experienced gains. Bitcoin (BTC), for instance, saw a modest increase, trading between $111,295 and $112,378, consolidating above the $110,000 mark. Bitcoin’s performance is noteworthy. Ethereum (ETH) and Solana (SOL) also followed suit, trending upward, with Solana nearing a significant Fibonacci retracement level. Solana’s upward trend is also significant.
This positive momentum translated into a significant increase in the overall cryptocurrency market capitalization. The total market cap experienced a boost of $13.8 billion, reaching $3.80 trillion. This uptrend is attributed to a combination of broader risk-on sentiment in the market and the strong performance of AI-related tokens. The overall market sentiment is bullish. While Bitcoin’s dominance remained relatively stable or slightly decreased, the outperformance of major altcoins, particularly XRP, was a defining characteristic of the market movement. XRP’s outperformance is notable.
Interestingly, the rally appears to be driven primarily by spot market activity, rather than excessive leverage. There were no reports of significant liquidations or major shifts in open interest, suggesting a relatively controlled and sustainable upward trend. Market activity suggests sustainability. This suggests that the market’s confidence in XRP, fueled by both fundamental news (the Ripple-BBVA partnership) and macro-economic expectations (the impending Fed rate cut), is driving this positive momentum.
The confluence of positive technical indicators for XRP, the expanding partnership with BBVA, and the high probability of a Fed rate cut creates a compelling narrative for the recent price surge. The break above the $3.00 resistance level is particularly significant, suggesting a potential for further gains, with some analysts predicting a rally exceeding 50%. Analyst predictions are positive.
The overall market sentiment appears bullish, with major cryptocurrencies following XRP’s lead, indicating that the broader crypto space might be entering a period of renewed growth.
What to Watch Next
- The actual announcement and details of the Federal Reserve’s decision on the September 17th rate cut.
- Further developments and announcements regarding the Ripple-BBVA partnership and its impact on XRP adoption.
- The continuation of the current upward trend in both XRP and the broader crypto market.
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