After the budget modification policy, called the 'Big Beautiful Bill', was passed in the US Senate, XRP's price showed a short-term surge, rising nearly 7% in two days. XRP rose from $2.08 to $2.22, recording its highest level since mid-June. However, the enthusiastic buying sentiment quickly cooled as the details of the bill and its practical constraints became apparent.
This budget bill is expected to bring significant changes to US government fiscal expenditure, and the market interpreted this as potentially leading to a more accommodative monetary policy. Cryptocurrencies, in particular, reacted faster than traditional assets, drawing attention as a risk-preference asset. XRP's trading volume surged and continued rising after breaking through the key resistance level of $2.15, but its upward momentum slowed after exceeding $2.22.
Some point out that policy expectations might have been excessive. The budget bill has not yet been fully passed by both the House and Senate, with the final vote scheduled for July 4th, leaving many variables. Additionally, it is difficult to predict how quickly monetary policy will actually be relaxed, and there are concerns that the market has already priced this in.
Nevertheless, market experts believe the current macroeconomic environment could be *favorable* for cryptocurrencies in the long term. The expansion of fiscal deficits, persistent inflation, and the potential decline in US dollar credibility are seen as factors that enhance the investment appeal of digital assets like Bitcoin (BTC) and XRP. If XRP can maintain its price above $2.15, it could provide a stepping stone to entering a new upward range.
This XRP surge appears to stem from a broader macroeconomic risk-averse trend rather than a simple technical rebound. While volatility is expected to continue given the bill's uncertainty and short-term overheating concerns, the possibility of XRP playing a leading role as a *digital safe-haven asset* is also being highlighted.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
