XRP Rallied by 20%, But It's Only Beginning: Crypto Market Review, September 21

$XRP is on 20% run but needs at least 250% to recover back to pre-ATH values

back in July or August were actively selling the asset after a successful switch to PoS, which explains why the profitability of the second biggest asset on the network plunged so much following the upgrade.

However, Ethereum developers are already working on the next Shanghai update by releasing updates to the previously existing EIP. The updated proposal will provide a way for validator withdrawals made on the Beacon chain to get transferred into the EVM. The withdrawal will have to be processed in the execution layer as soon as they are"dequeued" from the consensus layer.

The results of the FOMC meeting will be released later today. While most of the market expects a 75 bp hike, cryptocurrencies are moving in the green due to the high possibility of a relief rally that happens after the previously expected decision is made by the Fed. At press time, BTC is trading at $19,284 and gaining around 2.5% to its value in the last 24 hours; however, the trading volume shows that the price increase is purely technical and investors are still out of the market.

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