XRP is enduring one of its worst weekly sessions, with a 10% drop in 24 hours coinciding with the announcement from the US Federal Reserve. A technical support level that traders had been watching for weeks has just broken down, and the market is now searching for the next floor.
Selling pressure is intensifying at precisely the moment markets are holding their breath ahead of the Fed’s monetary policy decision. The timing is amplifying volatility and making price action particularly difficult to read.
Where can XRP find solid ground? Which technical levels should traders watch in the coming hours? Here is a full breakdown.
A Key Support Broken: XRP’s Technical Structure Deteriorates
XRP is trading around $1.27, down 10% over 24 hours and 11.2% on the week. The breakdown of the technical support that chartists had been monitoring for several weeks is a significant bearish signal — this level had previously held as a floor during earlier corrections.
The break of this level has flipped a former support into resistance. In practice, any bounce back toward this zone is now likely to be sold by traders looking to exit their positions with minimal losses. This classic support-turned-resistance dynamic is well established in technical analysis, and it reinforces short-term bearish pressure.
Volume is confirming the breakdown, which validates the move. A collapse on low volume could have suggested a false signal — that is not the case here. XRP’s market structure is clearly deteriorating, and bulls will need to reclaim significant levels before any trend reversal becomes credible.
FOMC and Macro: The Catalyst Amplifying the Correction
XRP’s decline cannot be explained by internal technical factors alone. The Federal Reserve announcement, expected in the early afternoon New York time, is triggering broad risk-off sentiment across all markets. Speculative assets — including cryptocurrencies — are the first to absorb this macroeconomic uncertainty.
Markets are pricing in no change to interest rates, but it is Jerome Powell’s tone that is commanding all the attention. A message perceived as overly restrictive (hawkish) could extend selling pressure on XRP and the broader crypto market. Conversely, a more accommodative (dovish) stance could trigger a swift technical bounce.
This type of macro event creates extreme trading conditions: widened spreads, cascading liquidations, and sharp moves in both directions. Experienced traders typically favour caution in the hours before and after a Fed decision.
Key Levels to Watch for an XRP Recovery
With no solid intermediate support in place following the recent breakdown, attention is turning to historically significant price zones. The $1.10 – $1.15 area represents the first zone of interest, corresponding to former consolidation levels visible on weekly charts.
If that zone fails to hold, the next major support sits around $0.95 – $1.00 — a strong psychological level and a historical demand zone. A weekly close below $1.10 would significantly worsen the bearish outlook and could attract fresh short sellers into the market.
For bulls, the priority is to see XRP reclaim and close above the broken support on the daily timeframe. Without that recovery signal, any bounce will remain suspect and vulnerable to renewed profit-taking. Momentum is clearly bearish in the short term, and the Fed decision will be decisive in shaping price action over the next 48 to 72 hours.
