The Ripple Token XRP remains stable in USD 2.14 despite a significant slowdown in the volume of operations and a growing caution in the cryptocurrency market in general.
Fountain: Coinmarketcap
The consolidation of the token price occurs while investors expect the next decision of the US Federal Reserve. On interest rates and are attentive to the evolution of the next commercial conversations between the US. UU. And China.
On-Chain data suggest that large investors continue to accumulate XRP, with portfolios that contain between 1 million and 10 million tokens that have increased their holdings by 1.2% since January.
This increase in the so -called whale activity is helping to maintain a floor at the support level of 2.10 dollars, even when impulse indicators such as the RSI point to a growing uncertainty of the operators.
The cryptocurrency market in general is equally limited to a range, with Bitcoin fluctuating between USD 94,000 and USD 96,000 before the Fed policy declaration and key diplomatic meetings that will take place in Switzerland this weekend.
The Fed is expected to maintain stable types at 4.25%-4.5%
According to the CME Group Fedwatch tool, most market participants anticipate that the Federal Open Market Committee will leave its reference interest rate unchanged.
The current range of 4.25% to 4.5% reflects the caution posture of the Central Bank in the midst of the current world economic volatility, particularly derived from commercial policy and geopolitical tension.
The last weekly K33 Research report indicates that the Fed conservative approach is being partly driven by uncertainty about the broader macroeconomic worries and macroeconomic concerns.
These winds against macroeconomic are weighing on risk assets, including cryptocurrencies.
The funds quoted in the stock market (ETF) have absorbed more than 50,000 BTC since April 21, but Bitcoin has struggled to maintain the upward impulse beyond the USD 97,000, which underlines the hesitation of the market in general.
The moderate performance of XRP in recent days reflects a similar indecision, with bulls and bassists trapped at a dead point above the level of USD 2.10.
Commercial tensions push XRP to consolidation
The current XRP price movement reflects more than national economic uncertainty. International commercial disputes have intensified after the United States imposed new chips exports restrictions on China.
Specifically, the sending of the advanced NVIDIA H20 processors was prohibited, which led China to retaliate stopping exports of rare earth materials to the United States.
These eye actions per eye have destabilized feeling and caused panic in world markets in April.
In response to this escalation of the commercial war, the United States Secretary of the Treasury, Scott Besent, has confirmed that a meeting is scheduled with the Vice Prime Chinese Minister, He Lineng, in Switzerland.
The meeting is expected to be scheduled for this weekend, focus on solving some of the key tariff barriers and opening channels to improve bilateral trade.
Market analysts suggest that progress in these conversations could reduce volatility and improve feeling towards risk assets, including cryptocurrencies.
The XRP price faces resistance in USD 2.20
XRP continues to quote within a narrow range between its 200 -day exponential average in $ 1.99 and a dual resistance level formed by the EMA of 50 days and 100 days around $ 2.20.
A long -term descending trend line that dates back to January adds more pressure to the bullish traders trying to overcome the higher resistance zone.
The relative force index (RSI) has fallen below the neutral level 50indicating that the bassist impulse may be strengthening. This change in feeling increases the possibility of losses below USD 2.10.
In the event that the $ 1.99 support is broken, operators can look for lower levels in $ 1.80 or even 1.61 dollars, the latter being the minimum recorded on April 7, in search of reversion signs.
Despite these technical winds against, Whale wallets are silently increasing their holdings.
According to Santiment data, the addresses between 1 million and 10 million XRP now control 9.44% of the total supply, compared to 8.24% of the early year.
This trend could serve as a stabilizing force as investors navigate the short -term volatility before the Fed decision and international commercial negotiations.
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