Is XRP About to Rocket After Tomorrow’s FOMC Meeting? Here’s What You Missed!

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The Federal Reserve will, once again, gather tomorrow to “decide our fate,” with prediction markets offering a charming 95% chance that they’ll cut rates by a mere 25 bps. The cherry on top? The potential end of Quantitative Tightening, meaning a more “relaxed” policy. We can all breathe a little easier, right? 😂

But let’s not get too excited just yet. The rate cut will still depend on inflation numbers, labour data, and whether the economy feels like being cooperative. Since the last cut in September 2024, the US dollar made a dramatic leap, while the crypto market experienced some very brief but entertaining jolts. We’ll see if lightning strikes again. ⚡

Bitcoin’s Boring Range: Altcoins Still Left in the Dust

Bitcoin is currently trading around $90,000, struggling like a marathon runner in the final stretch to break above the $93,000-$94,000 resistance zone. ETF inflows have slowed to a crawl, which explains the lack of enthusiasm. Nothing says “get moving” like a stall in momentum, right?

Analyst Michael van de Poppe is waving the caution flag, as traders tend to play it safe during FOMC week. He’s betting on Bitcoin either forming a higher low or-hold your breath-plunging to support levels at $86,000 and $80,000. Let the drama unfold. 🎭

As usual, XRP is following Bitcoin’s lead, so any hope for a thrilling breakout is dashed until the Fed drops its next bombshell.

XRP: The Quiet Rebel in Tight Consolidation

In true XRP fashion, it’s eerily calm ahead of tomorrow’s big event. Low leverage, little spot selling, and dwindling volume. In short, it’s the epitome of “waiting for the news.” 😴

On the chart, XRP has an ominous, unfilled price gap between $1.96 and $1.98-how mysterious! This gap will likely be tested before any significant movement, but traders are, as expected, holding off on making big moves until the Fed speaks. Just a little patience, everyone. 🕰️

How High Can XRP Actually Go After the Fed’s Big Decision?

If the Fed gives us the rate cut we’re all “hoping” for and the market shifts into “risk-on” mode (which is almost as exciting as a rollercoaster ride), XRP might just bounce from the $2.00 zone. Don’t get too excited, though-its next stop could be the much-feared resistance levels near $2.10 and $2.20. 😱

A stronger move? Well, that depends on Bitcoin being the knight in shining armor and reclaiming its higher levels. Otherwise, we’re all just spectators. 🍿

The grand peak of XRP’s consolidation sits around $2.30. Surpassing this requires more than just a rate cut; we’ll need an uplifting market sentiment and a noticeable increase in trading volume. But who are we kidding? That would be a rare sight. 🤷‍♀️

What’s Next for XRP?

Don’t be surprised if XRP first flirts with the $1.96-$1.98 zone before finding support. If the FOMC decision lands well with the market, expect the price to inch back toward $2.10 to $2.20.

As for a sustained rally above $2.30? Well, anything’s possible, but it’s a coin toss, dependent on the Fed’s tone and Bitcoin’s response to the cut. Fingers crossed, but not holding our breath. 🤞

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2025-12-09 17:49