bullish

Rally

Fuel

<p><span style="font-weight: 400;">XRP experienced a pullback in the near term, trading at $2.41 at the time of writing. The cryptocurrency has declined by 0.95% in the last 24 hours, and this comes after the asset also fell by 4.67% in the last week. Some analysts reckon that the present correction is purely technical, following a significant recovery from the lows seen in the first quarter of this year.</span></p> 
<p><a href="http://XRP Pullback or Perfect Opportunity? How Fed’s Rate Cut Could Fuel a 2025 Rally" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" class="wp-image-67567 size-full aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Donald Trump" width="728" height="90" title="XRP Pullback or Perfect Opportunity? How Fed’s Rate Cut Could Fuel a 2025 Rally 49" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3-300x37.jpg 300w" sizes="(max-width: 728px) 100vw, 728px"></a></p> 
<p><span style="font-weight: 400;">In 2024, XRP rose by more than 288% to trade at $2.90 at one point. After this extremely bullish move, there was a price correction, and according to the technical charts, the given asset has not yet entered the bear market. There are no lower lows or lower highs in the chart, which implies that the medium-term bullish trend is still intact.</span></p> 
<figure id="attachment_76694" aria-describedby="caption-attachment-76694" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-76694 size-large" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRPUSDT-1024x395.png" alt="XRP" width="1024" height="395" title="XRP Pullback or Perfect Opportunity? How Fed’s Rate Cut Could Fuel a 2025 Rally 50" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRPUSDT-1024x395.png 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRPUSDT-300x116.png 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRPUSDT-768x297.png 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRPUSDT-1536x593.png 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRPUSDT-860x332.png 860w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRPUSDT.png 1673w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption id="caption-attachment-76694" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure> 
<h2 id="span-style-font-weight-400-rate-cut-could-boost-xrp-span"><span style="font-weight: 400;">Rate Cut Could Boost XRP</span></h2> 
<p><span style="font-weight: 400;">The next possible trigger for the further growth of XRP can be linked to the decision made by the Federal Reserve during its meeting on December 17-18. Financial markets expect a 0.25% rate cut from the central bank in its next meeting, which would be the third consecutive cut if that is possible.&nbsp;</span></p> 
<p><span style="font-weight: 400;">The move came after inflation data remained steady, with the Consumer Price Index (CPI) increasing only 0.3% in the previous month. A rate cut will tell the market that the Fed is sure about the inflation situation and is willing to encourage more growth in the economy.</span></p> 
<figure id="attachment_76696" aria-describedby="caption-attachment-76696" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-76696 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/X-post-2.png" alt="XRP" width="541" height="775" title="XRP Pullback or Perfect Opportunity? How Fed’s Rate Cut Could Fuel a 2025 Rally 51" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/X-post-2.png 541w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/X-post-2-209x300.png 209w" sizes="(max-width: 541px) 100vw, 541px">
 <figcaption id="caption-attachment-76696" class="wp-caption-text">
  Source: <a href="https://x.com/JesseCohenInv/status/1866841651068518604" rel="nofollow" target="_blank">Jesse Cohen </a>
 </figcaption>
</figure> 
<p><span style="font-weight: 400;">In the past, rate cuts have been good for cryptocurrencies such as XRP. The result is that low interest rates lead to the depreciation of the US dollar. Thus, investors turn to other assets, including digital currencies. This has often been seen as the key to stir price rises in the crypto market. As an example, after last week’s release of inflation data, the token rose by 21% within just a few days. If the Fed announces another rate cut, the same may happen to XRP, and the cryptocurrency could surpass the current levels of resistance.</span></p> 
<h2 id="span-style-font-weight-400-key-support-and-resistance-span"><span style="font-weight: 400;">Key Support and Resistance</span></h2> 
<p><span style="font-weight: 400;">From the technical point of view, XRP is currently testing the most important levels of support and resistance.&nbsp;</span><span style="font-weight: 400;"><span style="margin: 0px; padding: 0px;">According to&nbsp;<a href="https://x.com/forex_arslan/status/1868260039091499280" target="_blank" rel="noopener nofollow">analyst</a> Arslan Ali, the first level of defence for XRP is at $2.36, which corresponds to the 50-day exponential moving average (EMA).</span>&nbsp;This support level is important in containing short-term price direction.&nbsp;</span></p> 
<p><span style="font-weight: 400;">If, however,the&nbsp; Ripple token can hold above $2.36, it may draw more buying pressure. A breakthrough the level above this could cause an increase in the market optimism and can result in the breakthrough of the current resistance levels.</span></p> 
<figure id="attachment_76700" aria-describedby="caption-attachment-76700" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-76700 size-large" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Chart-2-1024x579.png" alt="XRP" width="1024" height="579" title="XRP Pullback or Perfect Opportunity? How Fed’s Rate Cut Could Fuel a 2025 Rally 52" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Chart-2-1024x579.png 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Chart-2-300x170.png 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Chart-2-768x435.png 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Chart-2-860x487.png 860w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Chart-2.png 1536w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption id="caption-attachment-76700" class="wp-caption-text">
  Source: Chart by Arslan Ali
 </figcaption>
</figure> 
<p><span style="font-weight: 400;">The main level of resistance for XRP is at $2.50. This level is important because it has acted as a resistance level for the token in the last number of weeks. A break above this level would probably open the way for more gains in the price of token. The next levels of resistance are found at $2.65 and $2.86. It could break out above $2.50 which could lead to other higher price levels being targeted. If the Ripple token is to rally past these levels, it could easily hit the $3 mark in the subsequent weeks.</span></p> 
<h2 id="span-style-font-weight-400-potential-price-reversal-risks-span"><span style="font-weight: 400;">Potential Price Reversal Risks</span></h2> 
<p><span style="font-weight: 400;">However, the cryptocurrency may be under more pressure if XRP loses the support at $2.36. The following support levels are at $2.22 and $2.04 in this case. Any price level below these could imply that the price may continue to reverse.&nbsp;</span></p> 
<p><span style="font-weight: 400;">The price of XRP will continue to experience <a href="https://thebitjournal.com/">high fluctuations</a> as the market awaits the decision of the Fed. Traders are watching carefully whether the token can stand above the current support and reach the next resistance level of $2.50. If the token is able to close above this critical level, it would imply a resumption of the upward trend, and the $3.00 level could be in sight.</span></p> 
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-76702 size-large" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Image-2-1024x585.jpg" alt="XRP Pullback or Perfect Opportunity? How Fed’s Rate Cut Could Fuel a 2025 Rally" width="1024" height="585" title="XRP Pullback or Perfect Opportunity? How Fed’s Rate Cut Could Fuel a 2025 Rally 53" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Image-2-1024x585.jpg 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Image-2-300x171.jpg 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Image-2-768x439.jpg 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Image-2-1536x878.jpg 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Image-2-860x491.jpg 860w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/XRP-Image-2.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px"></p> 
<p><span style="font-weight: 400;">However, XRP is still in the bullish zone even though its short-term performance may be shaky. XRP price will be greatly influenced by the Federal Reserve’s rate cut decision on whether it will be able to penetrate the current price range or not. If the market has a positive response to the Federal Reserve’s action, then the coin could rally and may even touch new heights by the time 2025 arrives.</span></p> 
<h2 id="conclusion">Conclusion</h2> 
<p data-pm-slice="1 1 []">XRP has experienced substantial volatility of late, with the token vacillating between support at $2.36 and resistance at $2.50 as bears and bulls battle for control. This oscillation comes on the heels of significant appreciation earlier this year, demonstrating that the digital asset is consolidating gains in the short run. Looking ahead, the Federal Reserve’s impending decision on interest rates looms large, with the potential to galvanize or derail XRP’s momentum. While further declines are possible as downward pressures persist, the underlying long-term uptrend and latent demand suggest that surpassing $3.00 by month’s end is plausible if macro conditions brighten for virtual currencies.</p> 
<p data-pm-slice="1 1 []"><a href="https://thebitjournal.com/">The BIT Journal</a>&nbsp;is available around the clock, providing you with updated information about the state of the crypto world. Follow us on<a href="https://twitter.com/Thebitjournal_" target="_blank" rel="noreferrer noopener nofollow">&nbsp;Twitter</a>&nbsp;and<a href="https://www.linkedin.com/company/the-bit-journal/" target="_blank" rel="noreferrer noopener nofollow">&nbsp;LinkedIn</a>, and join our<a href="https://t.me/thebitjournal" target="_blank" rel="noreferrer noopener nofollow">&nbsp;Telegram</a>&nbsp;channel.</p> 
<h2 id="span-style-font-weight-400-faqs-span"><span style="font-weight: 400;">FAQs</span></h2> 
<h3 id="span-style-font-weight-400-is-xrp-a-good-investment-right-now-span"><span style="font-weight: 400;">Is XRP a good investment right now?</span></h3> 
<p>Regardless of having a short-term retracement recently, the long-term outlook for XRP is still bullish, which makes it a good place to invest for those who do not mind holding the currency for a long time.</p> 
<h3 id="span-style-font-weight-400-how-will-the-fed-s-rate-cut-impact-xrp-span"><span style="font-weight: 400;">How will the Fed’s rate cut impact XRP?</span></h3> 
<p><span style="font-weight: 400;">Traditionally, rate cuts are bearish for the USD, and bullish for cryptocurrencies and Ripple’s XRP in particular, as investors seek to diversify away from the greenback.</span></p> 
<h3 id="span-style-font-weight-400-what-are-the-key-support-and-resistance-levels-for-xrp-span"><span style="font-weight: 400;">What are the key support and resistance levels for XRP?</span></h3> 
<p><span style="font-weight: 400;">Ripple is struggling to hold its ground at $2.36, which is the 50-day moving average for the currency, and on the other hand, it is facing the barrier at $2.50. A jump over $2.50 may lead the price to $2.65 and $2.86.</span></p> 
<h3 id="span-style-font-weight-400-what-happens-if-xrp-loses-support-at-2-36-span"><span style="font-weight: 400;">What happens if XRP loses support at $2.36?</span></h3> 
<p><span style="font-weight: 400;">Should the price of XRP drop below $2.36, it might continue to decline with critical levels at $2.22 and $2.04 before a price change happens.</span></p>

XRP Pullback or Perfect Opportunity? How Fed’s Rate Cut Could Fuel a 2025 Rally

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