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Ripple Price Forecast: XRP shows signs of exhaustion as focus shifts to Trump tariffs impact

From fxstreet.com

Ripple (XRP) price is on the back foot, retracing slightly to trade at $3.09 on Thursday. An attempt to break above resistance at $3.32 failed, reflecting low demand retail and a shift in market sentiment, following Wednesday's United States (US) Federal Reserve (Fed) interest rate decision. Fed Chair Jerome Powell's remarks left investors with more questions than answers as the central bank took a hawkish stance on interest rate cuts. Powell insists that the regulator will continue with its wait-and-see approach as it monitors incoming data amid the perceived impact of higher tariffs coming into effect on Friday. ... (full story)

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  • Category: Technical Analysis