The post How High or Low Can XRP Price Go After the FOMC Meeting Today? appeared first on Coinpedia Fintech News

XRP is trading at $2

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Upside Targets

Once support holds, XRP could move toward $2.95. A push above this level would clear the fair value gap and signal a short-term recovery.

Momentum is limited compared to other altcoins, so aggressive gains are unlikely without broader market strength.

For the long term, analyst Casi Trades said, “Currently, subwaves are getting constricted, which is why extensions are being limited to $4.50 & $6.50. However, the macro targets of $8–$13 remain entirely possible if momentum continues strong!”

Market Outlook

XRP remains in a consolidation phase. Key levels to watch are $2.80–$2.76 on the downside and $2.95 on the upside. The next move depends on Bitcoin’s trend and market reaction to the Fed’s policy.

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FAQs

Why is the XRP price down today?

XRP is experiencing normal market volatility, reacting to the latest Fed minutes and facing technical resistance, which is causing a short-term pullback from recent highs.

What is the price prediction for XRP?

Analyst projections suggest near-term resistance at $2.95, with longer-term macro targets between $8–$13 possible if strong bullish momentum returns to the market.

How do Federal Reserve rate cuts affect XRP?

Fed rate cuts can weaken the US dollar, often benefiting risk assets like crypto. However, XRP’s short-term price is more directly influenced by its own technical market structure.

What does XRP need to do to start a recovery?

For a short-term recovery, XRP needs to hold its $2.80 support and break above the $2.95 resistance level, which would signal a shift in momentum.