#XRP ETF Goes Live #Fed Rate Cut Ahead #BTC Reserve Market Impact

Technical outlook: XRP holds a bullish structure, but downside risks persist :

XRP remains above the $3.00 level, with the 50-period Exponential Moving Average (EMA) at $3.014, providing additional support. A minor reversal of the Relative Strength Index (RSI) to 51.5+ on the 4-hour chart supports XRP’s short-term bullish potential.

A bullish reversal above the next key hurdle at $3.186, which was last tested on Saturday, would boost the chances of a bullish outcome toward the round-number supply area of $3.50 and the record high of $3.66.

Conversely, XRP is not out of the woods yet, and declines below $3.00 are still on the cards. With the Fed likely to cut interest rates by 25 bps, attention could shift to the Chair Jerome Powell’s remarks after the meeting.

Investors would be waiting to see the central bank’s outlook for the remainder of the year and whether further rate cuts are expected. In the event of a hawkish stance, which could dampen the macro outlook, traders should also prepare for a short-term correction, likely to bring the 100-day EMA at $2.984 and the 200-day EMA at $2.97 within reach.
#XRP
#Fed Rate Cut Ahead