Can XRP Overcome Technical Resistance Amid Fed Policy Shift?

XRP is trading near a critical support level at approximately $2.15, where 70% of market participants rely on the 100-hour Simple Moving Average (SMA) to gauge its short-term direction. The recent withdrawal of crypto guidance by the Federal Reserve for banks has emerged as a bullish signal for cross-border payment tokens like XRP. According to the analysis, a bounce from this key support could pave the way for new upward targets at $2.23, $2.30, and even as high as $2.35 to $2.50 if buying pressure intensifies. Conversely, failure to hold the support could trigger an extended downtrend, with the RSI and MACD providing additional short-term bearish cues if prices fall below $2.10. The technical indicators reflect a mixed sentiment with potential for both upward momentum and caution among traders. Overall, XRP’s near-term performance will heavily depend on whether it can maintain its support near the 100-hour SMA and overcome nearby resistance levels.