The market is now awaiting the release of the minutes from the January Federal Reserve meeting on monetary policy, due today at 21:00 (GMT+2), which may provide signals on the regulator’s next steps. The resistance zone at 1.5625–1.6420 (Murray level [4/8], 61.8% Fibonacci retracement) remains key for bulls: a sustained breakout above it would create conditions for a trend reversal and strengthen upward momentum toward targets at 1.9531 (Murray level [6/8]) and 2.3437 (Murray level [8/8], 38.2% Fibonacci retracement). However, if the price breaks below 1.3671 (Murray level [3/8]) again, the decline may resume toward 0.9765 (Murray level [1/8]) and 0.7812 (Murray level [0/8]).
Technical indicators favor the continuation of the current trend: Bollinger Bands and the Stochastic Oscillator are turning lower, while the MACD histogram is shrinking but remains in negative territory.
Support and resistance levels
Resistance levels: 1.6420, 1.9531, 2.3437.
Support levels: 1.3671, 0.9765, 0.7812.
Trading scenarios and XRP/USD outlook
Short positions can be opened below 1.3671 with targets at 0.9765 and 0.7812 and a stop-loss at 1.5700. Time horizon: 5–7 days.
Long positions can be opened above 1.6420 with targets at 1.9531 and 2.3437 and a stop-loss at 1.4200.
