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XRP Struggles Below Resistance as Fed Decision Nears, Ripple Expands RLUSD Reach
XRP remains on the defensive ahead of the Federal Reserve's policy announcement, with traders reducing risk exposure while waiting for clues on the future path of US interest rates. Although the market expects the Fed to leave rates unchanged, attention is firmly on Fed Chair Kevin Warsh's remarks, especially as inflation continues to run at its highest level in three years.
Meanwhile, geopolitical tensions appear to be easing after reports that the United States and Iran are preparing to sign a peace agreement later this week. The reopening of the Strait of Hormuz and progress toward lifting restrictions on Iranian ports have helped improve overall market sentiment, though cryptocurrencies continue to trade cautiously.
Despite the softer macro backdrop, XRP remains capped below the key $1.20 resistance level. Broader weakness across the crypto market has limited buying interest, leaving the token vulnerable to another pullback.
On the fundamental front, Ripple announced a strategic investment in Flutterwave's Series E funding round. The partnership aims to integrate Ripple's RLUSD stablecoin into Flutterwave's payment infrastructure, expanding stablecoin adoption across Africa. The move strengthens Ripple's push into real-world payment settlements and increases the utility of the XRP Ledger for cross-border transactions.
XRP/USDT 4H Technical Outlook
XRP's recent rebound from the $1.05 support zone has started to lose momentum after sellers aggressively defended the $1.25-$1.28 resistance area. The rejection suggests that bears remain in control of the short-term trend.
Price is currently hovering near $1.20, but momentum indicators are beginning to weaken, signaling fading bullish pressure. As long as XRP remains below the major resistance zone, the overall structure favors sellers.
A drop below $1.19 could accelerate downside pressure toward $1.12, with the key $1.05 support level remaining the main bearish target. A break beneath that floor may trigger a deeper decline.
For a stronger bullish reversal, XRP needs to reclaim and close above $1.28. Such a breakout could open the path toward $1.36-$1.39, followed by additional resistance levels near $1.46 and $1.55.
Until a breakout occurs, XRP is likely to remain range-bound, with traders closely monitoring the battle between buyers and sellers around current levels.
$XRP