XRP Price Today: XRP Consolidates at $2.12 Ahead of FOMC Meeting Catalyst
XRP is consolidating between $2.10 and $2.17 following a 15% monthly gain, awaiting the FOMC meeting catalyst.Summary
XRP is currently consolidating in a tight range of $2.10–$2.17 after achieving a 15% gain over the past month, indicating a balance between buying pressure and profit-taking. Key technical resistance is noted at $2.28; breaking this level could potentially lead to a rally toward $2.75, according to analyst Ali (@ali_charts). The upcoming Federal Open Market Committee (FOMC) meeting is a major catalyst, as rate decisions significantly impact risk assets like crypto; a dovish outcome could boost XRP. Traders are watching a descending wedge pattern on the 4-hour chart, suggesting a potential strong directional move, while institutional ETF buying and supply constraints are cited by other analysts as factors supporting long-term upside projections, with some models suggesting extreme scenarios ranging up to $350.
(Source：Brave New Coin)