Why Is XRP Up Today?

XRP (CRYPTO: XRP) is up 9.3% over the past 24 hours as of 4:30 p.m. ET on Thursday, Sept. 3, 2026, after Federal Reserve Governor Christopher Waller told Reuters that the Fed could hold rates steady at its upcoming meeting.

The S&P 500 and Nasdaq Composite finished Thursday's trading up 1.1% and 1.4%, respectively.

Lower rate fears are giving crypto some breathing room

Waller said on Thursday that he would support leaving interest rates unchanged if he likes what he sees from the August inflation report. He said he would prefer to let prices moderate on their own and "refrain from prematurely raising rates to allow a cooling process to play out."

U.S. Treasury yields, which have been trading near multi-decade highs, eased slightly today as well. These two factors led to investors rotating back into riskier assets like Bitcoin and other cryptos like XRP.

The next report could spoil the rally

The next jobs and inflation reports will help determine whether today's relief lasts. If rate fears return, XRP and the rest of the crypto market will give away today's gains.

Of course, for smart investors, these short-term price movements aren't worth putting much stock into. Long-term, I still think XRP is not a great investment.

Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy.