XRP Hits $3: Bulls and Bears Face Off Ahead of Fed Announcement

XRP recently revisited the $3 support zone, marking a pivotal moment as traders evaluate whether bullish momentum can persist. The token climbed above $3, posting weekly gains exceeding 10%, largely fueled by expectations surrounding the Federal Reserve’s potential rate cut on September 17 XRP Breaks $3: Is It Still Early to Invest or Too Late? [ 1 ]. Market experts believe the result of this meeting could have a substantial effect on near-term price movement, with a rate cut seen as highly probable, but uncertainty remains regarding its scale XRP Breaks $3: Is It Still Early to Invest or Too Late? [ 1 ]. Despite a recent downturn, XRP has managed to defend important support in the $2.85–$2.90 range, serving as a buffer XRP Breaks $3: Is It Still Early to Invest or Too Late? [ 1 ].

Technical patterns point to a descending triangle formation on the 12-hour timeframe, with

challenging a resistance ceiling formed over the past nine months near $3. If price breaks through this barrier, momentum could shift upward, with Fibonacci analysis suggesting checkpoints at $3.10 and $3.40 XRP Price Prediction: $3.6 Incoming Next? The When and How of It [ 2 ]. Analyst Ali Martinez foresees a possible continuation to $3.60 if buying pressure endures, while Casi Trades highlights extended Fibonacci targets around $4.50 XRP Price Prediction: $3.6 Incoming Next? The When and How of It [ 2 ]. On-chain metrics show open interest in XRP futures has climbed to $7.9 billion, reflecting greater capital allocation towards speculative trades XRP Price Prediction: $3.6 Incoming Next? The When and How of It [ 2 ]. This uptick coincides with the lengthy nine-month consolidation, a phase that often leads to pronounced moves once a clear direction emerges XRP Price Prediction: $3.6 Incoming Next? The When and How of It [ 2 ].

Sentiment within the market is mixed, with contradictory cues from on-chain behavior. There has been a notable increase in whale activity, as major holders have sold 470 million XRP—equivalent to roughly $1.35 billion—in recent sessions XRP Price Sinks Below $3 — Why You Should Wait Before Buying [ 3 ]. This is at odds with bullish signals such as the Bull Bear Power (BBP) indicator, which has recently turned negative, indicating sellers are currently in control XRP Price Sinks Below $3 — Why You Should Wait Before Buying [ 3 ]. Yet, some investors remain hopeful due to the token’s low adoption—just 1 in 5,000 individuals hold XRP—arguing that worldwide uptake is still at an early stage XRP Breaks $3: Is It Still Early to Invest or Too Late? [ 1 ]. Institutional moves, such as BBVA’s adoption of Ripple Custody, have provided further infrastructure, though price trends are still dictated by key technical levels XRP Price Prediction: $3.6 Incoming Next? The When and How of It [ 2 ].

Short-term price swings have been intensified by the interaction of Fibonacci retracement levels and momentum indicators. A confirmed close above $3.00 on the 12-hour or daily chart would strengthen the breakout scenario, opening the path to $3.10 and $3.40 XRP Price Prediction: $3.6 Incoming Next? The When and How of It [ 2 ]. Conversely, dropping below $2.75 could result in further declines, with $2.65 acting as a crucial support to watch XRP Price Prediction: $3.6 Incoming Next? The When and How of It [ 2 ]. The Relative Strength Index (RSI) is currently at a neutral level, while the Moving Average Convergence Divergence (MACD) recently signaled a bearish crossover, adding to the uncertainty XRP Price Sinks Below $3 — Why You Should Wait Before Buying [ 3 ].

Looking forward, XRP’s direction will depend heavily on the Fed’s upcoming rate decision and broader economic trends. Futures markets now price in a 99% likelihood of a 25-basis-point cut, which may boost dollar liquidity and channel more funds into crypto markets XRP Price News: Consolidates Under $3 as Descending Triangle … [ 4 ]. Ongoing whale accumulation will also be a critical factor, as sustained buying at scale could help stabilize prices XRP Price News: Consolidates Under $3 as Descending Triangle … [ 4 ]. Additionally, the SEC’s October verdict on spot XRP ETF proposals could serve as a significant catalyst, with potential approval paving the way for increased institutional participation XRP Price News: Consolidates Under $3 as Descending Triangle … [ 4 ].

To sum up, XRP is at a decisive point: a move above $3.18 on strong trading volume could confirm a bullish breakout, while failure to advance may see the $3.00 support tested again. Traders should keep a close eye on high-volume moves past these key levels to determine the market’s next direction.