Author: Julius Alagbe

Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

XRP Price Drops by 4.4% on U.S. Fed Hawkish Tone

News

XRP Price Drops by 4.4% on U.S. Fed Hawkish Tone Ripple (XRP) price nosedived 4.38% to $1.16 on Thursday, underperforming a declining broader market, primarily driven by a hawkish shift in US Federal Reserve policy under new Chair Kevin Warsh. The primary driver is a macro selloff following the first FOMC meeting under new Fed Chair Kevin Warsh on June 17. While rates were held steady, the Fed signalled concern over inflation and a slower path for future cuts. Tighter financial conditions typically reduce liquidity for speculative assets, causing correlated declines across crypto. XRP’s drop is not coin-specific but part…

Read More