Why does XRP rise sharply today

XRP (CRYPTO: XRP) is rising on Tuesday. The token price of this cryptocurrency has increased by 7.1% in the 24 trading hours prior to 4:30 p.m. Eastern time. At the same time of the day, Bitcoin increased by 2.5% and Ethereum increased by 5.7%. Investors have shifted to higher-risk investments today after signs that the Federal Reserve could cut interest rates in July and the announcement of a ceasefire between Israel and Iran. Despite today's increase, XRP is still down about 6% from last month. XRP Increases Due to Interest Rate Expectations Investors are seeing signs of price increases today and pushing cryptocurrency and stock prices higher in response to signs that the Federal Open Market Committee (FOMC) of the Federal Reserve is taking a more dovish stance on interest rate policy. The central bank has taken a cautious approach to reduce interest rates in the hope of ensuring that inflation is controlled and that the new tariff levels will not lead to a resurgence of prices, but recent comments from key officials seem to support the view that a rate cut may be on the table at the Fed's meeting next month. Investors widely expected that they would have to wait until at least September for the next interest rate cut, and an earlier-than-expected cut could help sustainably boost the prices of XRP and other cryptocurrencies. Ceasefire Order Between Israel And Iran Also Driving Cryptocurrency Prices Earlier today, a ceasefire in the battle between Israel and Iran was announced. Despite reports of ongoing military actions from both sides, the attacks were relatively small - and subsequent reports indicate that the ceasefire is currently being upheld. With signs that geopolitical risk factors may be diminishing, investors are feeling more willing to embrace speculative plays - and that's good news for XRP and other cryptocurrencies.