GBP/USD is holding higher ground above 1.2200 in early Europe. The US Dollar is licking its wounds amid a better market mood heading into the Fed policy decision. In the meantime, the pair looks forward to the UK inflation data for fresh hints on the BoE rate hike path. EUR/USD is seen consolidating the recent gains to its highest level since mid-February. The USD remains depressed amid bets for a less hawkish Fed and lends some support.
Following days of massive volatility in the market, the anxiety before the Federal Reserve decision is keeping investors on the edge.Ripple price has been on an uptrend since Monday, soaring alongside Bitcoin’s price action and in tandem with the general bullish market trajectory. As a result, the XRP market capitalization has also skyrocketed 25%, rising from $20 billion to $25 billion, a new yearly high that solidifies its position among the crypto top six.