XRP Price Holds at $2.10 Amid Fed Watch and US-China Trade Talks
Ripple (XRP) remains steady at $2.10 on Wednesday, as traders await the Federal Reserve’s interest rate decision and closely monitor upcoming US-China trade negotiations. The Relative Strength Index (RSI) hovering near the midline reflects market indecision, signaling ongoing price consolidation.
Large-volume investors are maintaining a risk-on stance, helping XRP hold above critical support levels. This sentiment could fuel a breakout above $3.00 in the coming weeks, despite broader market uncertainty.
Bitcoin (BTC) continues to fluctuate between $94,000 and $96,000, with its failure to breach $97,000—even amid ETF inflows exceeding 50,000 BTC between April 21 and May 2—highlighting trader caution ahead of Wednesday’s FOMC announcement.
The CME Group’s FedWatch Tool shows most market participants expect the Fed to keep interest rates steady at 4.25%–4.5%. According to K33 Research, the Fed’s cautious tone stems from macroeconomic risks and unresolved trade policies, especially concerning tariffs.
All Eyes on US-China Talks
This weekend’s trade negotiations between the US and China follow a turbulent April, when tariffs and export restrictions disrupted global markets. The US banned NVIDIA’s H20 chip shipments to China, prompting retaliatory moves from Beijing, including halting rare earth exports.
Despite the tension, analysts suggest that some easing of trade frictions may be necessary to support global commerce. “The current tariffs and trade barriers are unsustainable, but we don’t want to decouple,” said US Treasury Secretary Scott Bessent, ahead of his meeting with China’s top economic official, He Lifeng, in Switzerland.
Crypto markets, alongside traditional equities, will be watching closely for signs of de-escalation, which could provide much-needed clarity and momentum.