Ripple (XRP) edged lower on Monday, reflecting cautious market sentiment after Moody’s downgraded the U.S. credit rating from AAA to AA+. The move—following similar actions by S&P and Fitch—highlighted concerns over rising debt levels and borrowing costs, pushing 30-year Treasury yields to 5%, their highest since November 2023.
The downgrade fueled mixed risk appetite, with traders weighing recession risks flagged by Goldman Sachs against potential Fed policy shifts. While XRP’s drop mirrored broader crypto market hesitancy, its losses were milder than those of riskier altcoins, suggesting relative resilience.
Analysts note that XRP’s trajectory may hinge on how the credit rating shock influences dollar liquidity and risk assets. A sustained Treasury yield surge could pressure cryptocurrencies, though any Fed pivot toward rate cuts might renew crypto demand. Traders await clearer signals from upcoming economic data and central bank commentary.
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