XRP is holding steady near $2.12 as traders brace for the FOMC meeting, with technical setups and institutional interest setting the stage for potential short-term market moves.
After a 15% gain this past month, XRP is consolidating within a tight range of $2.10–$2.17, reflecting a balance between bullish buying pressure and cautious profit-taking. Analysts highlight key resistance near $2.28, which, if broken, could trigger a move toward $2.75, while trading volume indicates steady investor interest amid market uncertainty.
XRP in Consolidation Mode
After gaining roughly 15% over the past month, XRP is now consolidating. On the 4-hour chart, technical analysis shows a resistance zone at $2.28, which, if broken, may open the path toward $2.75.
XRP eyes a breakout, as surpassing $2.28 could pave the way toward $2.75. Source: @ali_charts via X
Trading volume remains supportive, suggesting buying pressure is still present. However, the token is currently trading in a tight range between $2.10–$2.17, reflecting a balance between bullish and bearish market forces.
Analyst Ali (@ali_charts on TradingView) noted, “If $XRP can break past $2.28, a breakout toward $2.75 opens up. The level is key in the descending channel.”
FOMC Meeting: Why It Matters for XRP
The Federal Open Market Committee (FOMC) meeting is one of the most anticipated events in the macroeconomic calendar. Rate decisions directly affect risk assets, including cryptocurrencies. Historically, lower interest rates increase demand for higher-risk assets like XRP, while higher rates may dampen speculative markets.
XRP faces a key pattern expiration on the Fed meeting day, highlighting a critical moment for potential market movement. Source: @TheBlockBull via X
BLOCK BULL, a crypto market commentator, highlighted the timing of technical patterns: “$XRP pattern expires on the day of the FED meeting next week. The event will shape trends for months ahead.”
A dovish Fed decision could enhance interest in crypto ETFs and support XRP, especially amid ongoing institutional buying.
Technical Setup: What Traders Are Watching
XRP’s technical setup shows key levels that traders are closely watching. Support is currently around $2.10, while resistance sits near $2.28–$2.30. The 4-hour chart highlights a descending wedge, a pattern often signaling a potential strong directional move. Rising trading volume could provide confirmation for any breakout or indicate renewed momentum in the market.
XRP shows a bullish flag on the monthly chart, with institutional buying and supply constraints hinting at significant upside potential in the coming weeks. Source: Soul_Investments on TradingView
Adding further insight, TradingView analyst Soul_Investments noted, “XRP shows a bullish flag on the monthly chart. With institutional ETF buying, supply could tighten in 14–30 days, pushing the price higher.”
This suggests that institutional activity and technical patterns may combine to influence XRP’s short- to mid-term price trajectory.
Scenario Modeling (Fact-Based)
Based on verified market data and historical trends, potential scenarios for XRP include:
Bullish Breakout: A break above $2.28 could target $2.75. Mid-term realistic projections, based on historical volatility and technical modeling, range from $5–$25.
Institutional Push: Continued ETF and institutional buying could drive XRP higher, potentially to $50–$350, as projected by market modeling from TradingView analysts.
Extreme Supply Scenario: While rare, a significant supply squeeze could elevate XRP prices further. These are modeled scenarios, not guaranteed outcomes.
All projections are derived from historical trading patterns, institutional ETF filings, and on-chain data.
Final Thoughts
XRP is currently consolidating after recent gains, with the upcoming FOMC meeting acting as a key catalyst that could influence short-term market movements. Support near $2.10 remains critical, while resistance around $2.28–$2.30 will likely determine whether the token can sustain a breakout. Technical patterns, including the descending wedge on the 4-hour chart, suggest potential for renewed momentum if volume picks up and market conditions align.
XRP was trading at around 2.10, down 3.33% in the last 24 hours at press time. Source: XRP price via Brave New Coin
Institutional buying and developments around XRP-related ETFs are likely to shape mid- to long-term price action, making it important for traders and investors to monitor volume trends, on-chain activity, and overall market sentiment. In essence, XRP’s price action reflects cautious optimism, with macroeconomic signals, technical setups, and institutional activity providing guidance for the next significant move in the crypto market.