XRP Rally Sparks Cloud Mining Promotions as Fed Signals Rate Pause

1 hour ago 2 sources positive

Key takeaways:

  • XRP's rally hinges on ETF inflows; watch for slowdown as $1.70 resistance nears.
  • Fed rate pause boosts crypto sentiment, but CLARITY Act vote could bring volatility.
  • UE Crypto and EX DeFi cloud-mining ads are red flags; verify withdrawal terms before investing.

XRP traded near $1.45 in early September 2026, gaining about 5% over the week and roughly 37% over the past month, after touching $1.70 on August 22. The rebound was supported by persistent spot ETF demand: U.S. spot XRP ETFs recorded net inflows for 11 consecutive trading days, attracting approximately $170 million over that stretch and bringing cumulative net inflows to around $1.68 billion.

Federal Reserve Governor Christopher Waller said on September 3 that he favors maintaining current interest rates rather than immediately raising them, citing cooling inflation. The remarks eased market worries about a September rate hike, lifted Bitcoin and other major crypto assets, and helped XRP recover toward $1.45. Traders now see the $1.35–$1.38 area as key support, with resistance near $1.70 and a potential target around $2.00. Investors are also watching the U.S. Senate procedural vote on the CLARITY Act scheduled for September 15.

Against this backdrop, two promoted cloud-mining campaigns have targeted XRP holders. UE Crypto and EX DeFi both present cloud-mining contracts as a way to earn daily income without buying mining hardware. UE Crypto chairman and CEO Ian Raymond HUGHES said the company had made a strategic decision to hold cryptocurrencies following former President Trump’s proposal for a strategic crypto reserve, adding that it believes Bitcoin and similar assets will become key reserve assets.

UE Crypto claims a partnership with Bitmain and advertises contracts such as a $10,000 BTC “Quantitative Intelligent System Contract” that it says pays $158 per day for 34 days, returning $10,000 principal plus $5,372 profit. EX DeFi, founded in 2021, says it serves more than 2 million users in over 180 countries. It offers a $17 trial credit, supports assets including XRP, BTC, ETH, USDT, USDC, BNB, DOGE, LTC and SOL, and lists contracts from $100 for two days up to $10,000 for 30 days with a claimed $4,830 total profit.

The materials are third-party promotions and should be treated as advertising rather than independent market analysis. Potential users should verify the platforms’ claims, security, and withdrawal terms separately.

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