🟡 XRP Breaks Below $1.75 Amid Fed Uncertainty, Broad Crypto Sell-Off
XRP slid below $1.75 as rising uncertainty around U.S. monetary policy and broader market weakness triggered a sharp sell-off across crypto assets. The breakdown of key support levels points to short-term bearish pressure, though medium-term fundamentals remain mixed.
Key Facts:
• Fed policy uncertainty — hotter U.S. producer prices and speculation around the new Fed Chair nomination added pressure on risk assets, including XRP.
• Macro catalysts — fears of a U.S. government shutdown and policy delays weighed on sentiment, adding to liquidation pressure.
• Heavy selling pressure pushed XRP below crucial support (~$1.75), confirming near-term bearish structure.
• Broader crypto weakness and risk-off flows pushed major tokens lower alongside XRP.
Technical Levels to Watch:
• Support: $1.50–$1.70 (next downside zones) �
• Resistance: $1.80–$2.00 (former support flipped to resistance)
Expert Insight:
The breach of the $1.75 support zone underlines that sellers are in control in the near term. Liquidations and macro catalysts have amplified downside momentum, though recovery above key resistance could ease the bearish bias.
Market Takeaway:
Short-term bearish pressure remains dominant. Traders should monitor reclaim levels and macro catalysts such as Fed policy signals and broader crypto market flows for directional shifts.
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