XRP, BNB, and Hyperliquid Break Out Ahead of the Fed's Key Decision
While global markets are focused on the FOMC meeting, a group of altcoins are quietly leading the pack, outperforming the rest with their own narratives.
Altcoins Lead the Way Ahead of the FOMC
Over the past 24 hours, BNB has gained 2.5%, while Sui, Hyperliquid, and XRP have gained 2.2%, 1%, and 0.7%, respectively, according to market data.
According to experts, the rally is not simply driven by expectations of a Fed rate cut, but also by the individual dynamics of each token:
BNB & Hyperliquid: Benefiting from Treasury inflows into digital assets and a clear accumulation pattern.
XRP: In the spotlight due to expectations of a spot ETF approval, which could launch as early as this week.
Lai Yuen, an analyst at Fischer8 Capital, commented:
“The story around each coin – from ETFs to accumulation mechanisms – is playing a bigger role than Fed policy.”
Altcoin leverage surges
Another notable signal: altcoin open interest has approached and even surpassed Bitcoin in the short term – a phenomenon that often appears before periods of high volatility.
Stephen Gregory, CEO of trading platform Vtrader, said:
“The surge in altcoin leverage reflects the excitement for the alt season, especially since history shows that the fourth quarter is usually a bullish period.”
According to Coinanalyze, September 13 marked a rare occasion when altcoin open interest surpassed Bitcoin – further reinforcing expectations that an “altcoin season” is forming.
Institutional investors still accumulate
Despite the short-term market structure showing weakness, large capital flows continue to flow into digital assets.
Last week, the US Bitcoin ETF recorded $2.34 billion in inflows, bringing its total holdings to a new record high.
Arkham platform detected FalconX withdrawing more than 413,000 SOL from major exchanges such as Binance, Coinbase, ByBit, and OKX – a possible sign of accumulation by “whales” ahead of volatility.
The Fed – a trend-determining factor
All eyes are on the Fed’s interest rate decision in less than 12 hours. This is the first potential cut of the year, coming as the S&P 500, gold, and Bitcoin are all hovering around historic highs.
If the Fed confirms easing, capital flows could shift more strongly to risk assets, including altcoins. Conversely, any tightening signals could drag the market into a new correction.
Conclusion
XRP, BNB, and Hyperliquid are showing distinct strength ahead of the FOMC – not just based on macro expectations, but also on the underlying narrative and institutional flows.
The altcoin market is heating up, but whether this trend will explode into a real “altcoin season” or just a short-term run will all depend on the Fed’s decision today.