XRP Price Explodes on Fed News: Double Digit Rally?

• Can XRP Price Hit $2 This Week?
• Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key Levels

XRP price is rallying after the token jumped as much as 7% in a single session. Traders are once again floating a target that sounded absurd in July: double digits. Whether that is realistic or another round of crypto Twitter enthusiasm becomes more interesting with the latest Fed and labor data in focus.

The catalyst was softer-than-expected U.S. labor data. Jobless claims came in at 206K versus expectations of 205K, rising from 203K the previous week. ADP payrolls came in at just 38K against a 47K forecast.

https://x.com/MikeZillionaire/status/2095512228707578293

The weaker employment picture strengthens the case for a Federal Reserve rate cut, giving risk assets, including crypto, another reason to rally. XRP trading volume has remained around $4 billion to $5.5 billion, while its market cap sits near $90.9 billion.

Rate-cut expectations have swung sharply this week, and that volatility is flowing directly into altcoin price action. XRP’s August rally, which took the token from $0.99 to $1.70, fueled the latest bullish narrative.

For now, the double-digit XRP price prediction remains a highly bullish scenario rather than a base case. However, improving rate-cut expectations could give XRP and other altcoins another macro tailwind.

If buyers reclaim the recent highs and ETF demand continues strengthening, the conversation around much higher XRP targets could become harder to dismiss.

EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market

Can XRP Price Hit $2 This Week?

At $1.45, XRP sits above its 200-day EMA at $1.3508 and 20-day EMA at $1.3055. Both indicators remain bullish, keeping the broader technical structure constructive. The immediate battle is around $1.40, while the $1.35 to $1.38 zone remains an important support area for bulls.

The bullish scenario starts with a clean break above $1.52, which could send XRP toward the $1.68 to $1.72 range. A sustained breakout above that zone could open the path toward $1.86 and eventually the $2.00 mark. That would give bulls a clear technical roadmap for extending the current recovery.

The base case sees XRP consolidating between $1.35 and $1.52 as traders digest the September 4 Non-Farm Payrolls report. Meanwhile, the bearish scenario would emerge if XRP closes below $1.30. Such a move would weaken the current structure and potentially bring the August lows back into focus.

None of these scenarios guarantees XRP’s next move. Longer-range XRP price predictions vary sharply depending on ETF demand and macro conditions. For now, traders have clear levels to watch rather than chase.

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Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key Levels

A move to $2 from $1.45 is roughly 38%. It’s solid, but not exactly the kind of number that turns a small allocation into a life-changing one. XRP’s $90.9 billion market cap means the easy multiples are long gone; this is a large-cap asset now, and it trades like one.

For traders chasing outsized asymmetric upside, the calculus increasingly points toward earlier-stage infrastructure plays instead.

That’s the gap Bitcoin Hyper ($HYPER) is positioning to fill. It bills itself as the first Bitcoin Layer 2 with full Solana Virtual Machine (SVM) integration, aiming to deliver smart contract execution faster than Solana itself while settling back to Bitcoin’s base layer for security.

https://x.com/BTC_Hyper2/status/2093187063680299293

The presale has raised$33 million so far, with tokens priced at $0.0136857 and staking rewards advertised at a high 60% APY. Its Decentralized Canonical Bridge is designed to move BTC across the L2 without the custodial trust assumptions that have burned users before.

Research Bitcoin Hyper before deciding whether it fits a risk-adjusted portfolio.

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In This Article

• Can XRP Price Hit $2 This Week?
• Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key Levels

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Source: 99bitcoins.com