XRP Eyes Fed Rate Decision as Price Holds Near Key Support

XRP is trading near $1.05 following a recent pullback, with traders waiting anxiously for the upcoming Federal Reserve policy meeting. While broader markets show defensive traits and Bitcoin has slipped from its recent highs, XRP exchange traded funds continue to attract capital without seeing major outflows. This steady institutional interest beneath the surface suggests that current selling pressure might be getting absorbed, even as short term price action remains range bound.

Attention now turns squarely to the Fed meeting outcome. Markets largely expect interest rates to remain unchanged, but any dovish hints from policymakers could spark renewed momentum across the crypto market. Near term resistance for XRP sits around $1.18 to $1.20. If buyers can push past that hurdle, a move toward $1.35 becomes possible, keeping longer term targets on the radar for optimistic traders.

On the downside, immediate support rests at $1.05. A drop below $1.00 could weaken the current bullish outlook and push the token toward $0.95. Traders should monitor the Fed announcement closely, as the policy statement will likely set the short term direction for both large cap assets and the broader market.