XRP Price News: XRP Rebounds to $2.20 as Traders Await Fed Decision

Most analysts attribute the correction to technical factors, although medium-term monetary conditions are also providing support for the upward movement. Investors expect the U.S. Federal Reserve to ease monetary policy in December due to a weakening labor market and signs of declining inflationary pressure.

Additionally, the crypto community reacted positively to the likely appointment of Kevin Hassett — the current Chair of the National Economic Council at the White House — as the next head of the Federal Reserve. President Donald Trump introduced him yesterday as the main candidate for the position. Hassett is known as a supporter of digital assets and holds approximately USD 1.0 million worth of Coinbase shares. More importantly, he advocates for consistent monetary easing, which could pressure the U.S. dollar and benefit alternative assets like XRP.

XRP is also supported by increasing inflows into Ripple ETFs, which have now seen 11 consecutive days of investments totaling over USD 756 million, as well as rising activity on the XRP Ledger. However, overall market sentiment remains cautious, and the current rebound does not yet indicate a trend reversal: the “fear and greed” index has risen slightly but remains in the “fear” zone at 28.

Meanwhile, broader crypto investment flows remain weak: Bitcoin ETFs have seen only USD 67 million in net inflows since the start of the week, Solana ETFs — USD 32.2 million, while Ethereum ETFs have recorded outflows of USD 88.9 million.

Support and Resistance Levels

The instrument is trading within a medium-term downtrend channel. The price has now broken above 2.1484 (Murray level [3/8], middle Bollinger Band) and may extend gains toward 2.3438 (Murray level [4/8]) and 2.5391 (Murray level [5/8], upper Bollinger Band).

The key level for bears remains 1.9531 (Murray level [2/8]): a breakdown below this support would reestablish the downward move toward 1.6880 (61.8% Fibonacci extension) and 1.3672 (Murray level [–1/8]). This scenario currently appears more likely.

Technical indicators confirm the bearish trend: Bollinger Bands are turning downward, while Stochastic is turning upward, allowing for a corrective rebound with limited potential. MACD remains stable in negative territory.

Resistance levels: 2.3438, 2.5391.

Support levels: 1.9531, 1.6880, 1.3672.

Trading Scenarios and XRP/USD Forecast

Short positions may be opened below 1.9531 or if the price reverses near 2.5391, with targets at 1.6880 and 1.3672 and stop-losses at 2.0900 and 2.6800, respectively. Execution horizon: 5–7 days.