XRP Rallies as Fed News Sparks New Bullish Hopes

XRP is back in the spotlight after climbing to $1.45. This 6 percent jump comes alongside a broader market recovery triggered by fresh data showing a cooling U.S. labor market. With job numbers missing expectations, traders are betting that the Federal Reserve will adopt a more friendly interest rate policy. When the Fed signals potential rate cuts, risk assets like crypto often see a surge in investor interest.

Institutional demand appears to be growing, providing a steady foundation for the recent price action. With trading volume holding strong near $4 billion, XRP remains a major player in the current market cycle. Bulls are currently defending a critical support zone between $1.35 and $1.38, which has historically absorbed significant selling pressure. If the price stays above $1.34, traders are eyeing a retest of $1.55.

While some market participants are speculating about a long term path toward $10, analysts suggest that such a move would require massive capital inflows. For now, the technical focus is on clearing local resistance levels. A clean break above $1.55 could open the door for a push toward $1.90. Investors should keep an eye on upcoming economic reports, as any surprise in the data could change the market mood quickly.