Ripple (XRP) Price Shows Weakness Ahead of Fed Decision
Ripple (XRP) is trading lower and currently priced at $2.06. This drop reflects cautious market sentiment before the Federal Reserve’s upcoming decision. The Fed is expected to cut interest rates to 3.50%–3.75%. If this happens, XRP and other risky assets might see better demand. Lower interest rates usually encourage traders to take more risks.
XRP has held above $2.00, a key short-term support level. It failed to rise past Tuesday’s high of $2.17. Traders expect more price swings after the Fed’s announcement.
XRP ETF Inflows Continue, But Derivatives Demand Weakens
XRP spot ETFs have seen inflows for 17 straight days. On Tuesday, nearly $9 million flowed into these funds. Total inflows now near $944 million with net assets at $945 million. Crossing $1 billion in assets could confirm strong institutional interest.
At the same time, XRP futures open interest stands at $3.71 billion. This is much lower than July’s peak of $10.94 billion. Lower futures interest suggests weak retail demand, which may limit XRP’s price recovery.
Technical Outlook Shows XRP Under Pressure
XRP is trading below important moving averages. The 50-day EMA is at $2.26, the 100-day EMA is $2.42, and the 200-day EMA is $2.46. All these averages are trending down, showing a bearish trend. The MACD indicator is flat, signaling low momentum. The RSI at 43.94 indicates mild bearishness.
Resistance lies near $2.57, set by a descending trend line from XRP’s all-time high of $3.66. Support is near $1.82, based on a rising trend line from April lows. A daily close above $2.26 could ease selling pressure and help XRP recover. If XRP falls below $1.82, further losses may follow. Bears may remain in control unless the price gains momentum and holds above key moving averages.
