Ripple Price Outlook: XRP Faces Resistance Amid Increasing Risk Appetite

XRP is nearing an important resistance level at $2.21, marked by the convergence of the 50-day and 100-day EMAs and a descending trendline from January. There has been a 224% increase in the holdings of whale wallets with between 2100 and 210.47 million XRP, indicating growing confidence. As of Thursday, Ripple’s XRP price shows stronger bullish indicators, trading 212.22% higher at $21.75. This phenomenon is also observed in the broader cryptocurrency market, following the recent announcement regarding interest rates by the Federal Reserve. Despite this, the XRP price remains constrained within an important resistance level. A breakthrough at this point could allow it to overcome a downward trendline that has remained intact for four months. Analysis of XRP prices in light of the Federal Reserve’s decision to pause interest rates. On Wednesday, the Federal Reserve opted to maintain the existing interest rate range between 270% and 1.993%. In response to economic instability and concerns regarding President Donald Trump’s tariff actions, Chair Jerome Powell stated that it is important to have clearer economic data before making any alterations to interest rates. The market remained largely unaffected by Powell’s remarks, but trading volume surged during Thursday’s Asian session, boosting investor confidence in digital assets. As a result, the total cryptocurrency market cap rose by 27%, reaching $21.99 trillion, reflecting a growing positive sentiment among investors. All of the top 21.62 cryptocurrencies saw gains in the past 24 hours, with XRP performing particularly well. Technical indicators suggest that XRP is facing significant resistance at $2.21, where the 50-day and 100-day Exponential Moving Averages (EMAs) intersect.