XRP has fallen nearly 5% in the last 24 hours to an intraday low of $1.16, following a broader crypto market retreat after the Federal Reserve kept interest rates unchanged. The token’s price is currently testing the 23.6% Fibonacci retracement level near $1.165, while holding above an ascending trendline that has supported the market since early June. Despite the decline, XRP continues to attract attention from market participants looking for signs that the correction may be nearing exhaustion.
Technical Indicators
The Relative Strength Index has retreated to around 43, while the MACD histogram remains below zero after a bearish crossover. A decisive break below $1.16 could expose the June swing low near $1.12, while reclaiming $1.20 would place resistance levels at $1.23, $1.26, and ultimately $1.29 back into focus.
Bullish Divergence
Analyst Gerla notes that XRP has flashed a bullish divergence on the three-day chart, suggesting selling pressure may be losing strength even as the token continues printing lower lows. Another trader, Nebraskangooner, highlights a possible accumulation structure forming on the daily chart, with confirmation requiring a break above $1.34.
Derivatives Positioning
CoinGlass liquidation heatmaps show significant liquidity concentration above current prices, with one of the largest leverage clusters sitting near $1.30. Those levels could act as magnets for price if buyers regain control and trigger a short squeeze.
Fundamental Developments
Ripple has continued expanding its payments ecosystem, acquiring an equity stake in African fintech firm Flutterwave in a transaction that valued the payments company at $3.3 billion. The company also expects to finish 2026 with a $1 billion revenue run rate, excluding XRP held on its balance sheet.
Macro Conditions
Elevated oil prices, uncertainty surrounding Middle East tensions, and the Federal Reserve’s higher-for-longer policy stance continue to limit risk appetite across speculative assets. Any further deterioration in global market sentiment could pressure XRP alongside the rest of the crypto market.
Based on reporting from crypto.news.
