Ripple rises despite continuous pressure on crypto market

Ripple rose during trading today amid pressure on the cryptocurrencies market, most notably Bitcoin, as the focus of global markets shifted towards the Federal Reserve, which will reveal its decision on the interest rate on Wednesday.

Expectations that the US central bank will cut the interest rate to 2.25%, and then focus will shift to the press conference of the bank's President Jerome Powell on monetary policy.

This decision is expected to have a significant impact on global markets, US dollar and various financial assets, which may also reach the crypto market.

The pressure on the cryptocurrency Libra, which Facebook intends to lunch, continues to affect the performance of the crypto market amid fears of it being exploited for illegal activities.

In terms of trade, by 20:45 GMT, ripple rose by 2.2% to $0.32, with the highest at $0.32 and the lowest at $0.31.

Bitcoin rose by 0.6% to $9580, with the day's highest at $9790.7 and the lowest at $9380.8.