XRP is trading at $1.07, down 0.57% in the last 24 hours, still capped below the $1.10 resistance level after three straight sessions of attempted recovery. A hawkish Federal Reserve is offsetting Ripple's new MiCA license in Europe, leaving the token stuck in a tight range.
XRP is trading at $1.07, down 0.57% over the past 24 hours, unable to clear the $1.10 resistance level that has capped three consecutive sessions of attempted recovery.
Fed's hawkish tone keeps pressure on XRP
The Federal Reserve held rates steady in the 3.50%-3.75% range, but Fed Chair Kevin Warsh said the Fed "will deliver the 2% target", a hawkish post-meeting tone that reinforced a risk-off undertone across liquid assets.
Ripple's MiCA license meets 2.27 billion in open interest
Ripple secured full MiCA Crypto-Asset Service Provider authorization in Europe this week, a regulatory milestone with direct implications for institutional XRP payments across the EU. Perpetual futures open interest sits at 2.27 billion XRP, just below this week's peak of 2.29 billion.
On-chain data from Santiment shows mid-tier holders (10,000-100,000 XRP) lifting their cumulative share to 11.9% of total supply, up from 11.64% on July 1. The 100,000-1M XRP cohort also climbed to 11.75% over the same window.
Technicals point to $1.00 as the level that matters
XRP remains pinned below the Bollinger Band midline near $1.10 and every key exponential moving average. The 50-day EMA at $1.13 converges with the upper Bollinger Band around $1.14. The 100-day EMA sits at $1.21 and the 200-day EMA at $1.41, confirming the broader trend still leans lower. Daily RSI hovers near 45 and MACD is fractionally negative, signaling fading bullish attempts rather than fresh accumulation.
$1.00 remains the primary support level traders are watching; a close below it would invalidate the current recovery thesis.
MiCA follow-through, open interest expanding above 2.29 billion, and a volume-backed break above $1.10 could open a run toward $1.13 to $1.14. But range-bound consolidation between $1.05 and $1.15 remains the more likely near-term path while the market waits on ETF flow headlines and exchange listing catalysts.
Source: Cryptonews
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