Usman Salis
The crypto world is holding its breath as the Federal Reserve gets ready to announce their latest policy decision. While everyone's pretty much expecting rates to stay put, it's really about what Powell says next that could shake things up for XRP and the broader crypto market.
Let's be real – nobody's surprised about the rate hold. CME FedWatch data shows a 99.1% chance they'll keep things unchanged. But here's where it gets interesting: Powell's got to navigate some tricky waters with political pressure for cuts, oil-driven inflation worries, and all this tariff drama brewing.
XRP Technical Setup Shows Breakout Ready
Markets are still betting on one or two rate cuts before 2025 wraps up, probably starting around September. Recent inflation data has been cooling off, and jobs numbers aren't terrible, so that timeline makes sense. But if Powell sounds wishy-washy or dodges questions about future cuts, crypto could take a hit pretty fast.
XRP's been doing its own thing lately, staying strong while other cryptos have been stuck in neutral. Looking at the daily chart, it's been hanging out just above $2.10, creating this tight range that usually means something big is coming. Every time it tried to break down, buyers jumped right back in – classic sign that bigger players are getting ready for a move.
Fed Comments Could Push XRP to $2.66
Here's the thing about this Fed meeting that crypto traders really care about: it's not the rate decision itself, it's the hints about what's coming next. If Powell even slightly opens the door to September cuts, risk assets like XRP could see some serious action.
Right now, XRP is basically at a fork in the road. Break higher and we're looking at $2.66 – that's a solid 24.88% gain from current levels. Break down and it could slide to $1.61, which would be a 24.41% drop. The math is pretty straightforward, and the range is crystal clear.
What makes this setup interesting is how XRP has been holding up during all the recent market choppiness. Buyers keep showing up on dips, which tells you there's real demand underneath. Combined with today's Fed decision, it's setting up for what could be XRP's biggest move this year.
The bottom line? Powell's tone today could be the spark that lights the fuse for XRP's next major leg up. With technical indicators pointing toward a breakout and the Fed potentially opening the door to easier money, XRP traders have good reason to be watching closely.
Usman Salis
