XRP and SOL dip 3% each ahead of today’s FOMC meeting

Cryptowisser · 2025-06-18T07:14:01+00:00

XRP and Solana's SOL are currently the worst-performing cryptocurrencies, each down 3%. Market instability, partly due to geopolitical issues and anticipation of the FOMC meeting, has led to underperformance in major cryptocurrencies like Bitcoin.

Cryptowisser

2025-06-18 07:14:01

Abstract generation in progress

TL;DR

Solana’s SOL and XRP are the worst performers among the top 10, losing 3% of their value each.
Traders are eagerly awaiting today’s FOMC meeting outcome, with BTC also underperforming.

XRP and SOL Down 3% Amid Poor Market Conditions

XRP, the native coin of the Ripple ecosystem, and Solana’s SOL are the worst performers among the top 10 cryptocurrencies by market cap. The two cryptocurrencies lost 3% each in the last 24 hours, underperforming compared to the broader cryptocurrency market.

SOL is now trading at $147 per coin and could drop to the $140 support level if the bearish momentum persists. Meanwhile, XRP is trading at $2.15, down 3.5% in the last 24 hours, and risks dropping below the $2 psychological level

The bearish performance comes amid the ongoing conflict in the Middle East, with the United States increasingly involved

Furthermore, traders are awaiting the FOMC meeting today. Analysts are expecting the Federal Reserve to keep interest rates unchanged, which could see Bitcoin and other major cryptocurrencies underperform.

Bitcoin has dropped below the $105k level after losing 1.8% of its value in the last 24 hours. Thanks to the ongoing bearish momentum, the total cryptocurrency market cap has dropped to $3.28 trillion.

XRP0,25%

SOL-0,07%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.