XRP Holds Key Support as FOMC Week Tests Bulls

XRP is trading near $1.35, down 1.9% on the day but still up 4.7% over the past week. The token is now pressing against last week’s key support zone around $1.355, a level that held into the weekend before today’s drift lower.

The move does not yet confirm a breakdown, but it does leave XRP in a more fragile technical position as traders position for FOMC week. In markets like this, short-term price action often reflects broader risk appetite as much as token-specific catalysts.

The broader backdrop remains constructive for risk assets. The Fear and Greed Index stands at 61, which points to a market still tilted toward greed. That environment can support dips being bought, but it can also amplify reactions if macro policy signals come in hotter or more restrictive than expected.

For XRP, the immediate question is whether buyers can reclaim the $1.355 area and stabilize price above it. If they do, the recent weekly advance remains intact and the market can continue to treat the move as a consolidation rather than a trend reversal. If the level fails decisively, traders may begin to price in a deeper retracement as momentum weakens.

From a market structure perspective, XRP is at an inflection point rather than in confirmed distress. The token has not lost its weekly gains, but it has entered a zone where macro headlines, liquidity conditions and broader crypto sentiment could determine whether support holds.