XRP faces intensified pressure on its crucial $2 support level as market uncertainty builds ahead of the Federal Open Market Committee (FOMC) meeting. Geopolitical tensions and anticipated policy decisions threaten to influence broader cryptocurrency market direction, placing XRP’s price stability at risk.
Institutional adoption continues to underpin XRP’s long-term growth narrative. Circle’s integration of USDC stablecoin on the XRP Ledger and Trident Digital Tech Holdings’ planned $500 million XRP acquisition signal robust institutional confidence in the asset’s future trajectory.
The XRP options market witnessed explosive activity with trading volume surging 225% to nearly $4 billion. This spike reflects heightened hedging behavior and cautious market sentiment as traders position themselves amid volatility.
Technical analysis indicates XRP is consolidating between the 200-day Simple Moving Average and a $2.3 resistance level. Market analysts warn that failure to hold the $2 support could trigger declines toward $1.9 or $1.8 price targets.
Despite a $22 million liquidation event across derivatives markets, XRP demonstrated relative resilience with a 4% loss—significantly less severe than Ethereum and Solana’s 8% declines during the same period.