#Xrp🔥🔥 Symmetrical Triangle Tightens as XRP Eyes $2.40 Breakout, Fed Expectations Shift

XRP nears $2.29 resistance as September Fed rate cut odds surge to 96.6%, signaling heightened volatility across crypto markets.

The probability of a reduction in interest rates by the Federal Open Market Committee (FOMC) in the next scheduled meeting on September 17, 2025 has increased to 96.6%. According to CME FedWatch data, this marks a strong shift in market expectations. Simultaneously, XRP has posted a 3.9% increase in the last 24 hours, climbing to $2.28. The token currently hovers near a key resistance at $2.29, with support anchored at $2.17.

Recent data shows a dominant 72.4% probability that the Federal Reserve will lower the federal funds target rate to 400–425 basis points. An additional 24.2% expect a deeper cut to 375–400 basis points. Only 3.4% forecast no change, while there are no expectations of a rate hike. The current target range stands at 425–450 basis points.

XRP Inches Toward Resistance Amid Rising Rate-Sensitive Volatility

XRP has recorded a 24-hour gain of 3.9%, pushing its price to $2.28. The price is now just one cent below the $2.29 resistance level. Support remains firm at $2.17. This movement aligns with overall market positioning following the shift in rate outlooks.

CME data shows the September 30 ZQU5 contract trading at a mid-price of 95.8375. Prior volume stood at 37,307 with an open interest of 188,946. These figures indicate elevated trading activity around rate expectations. As rate forecasts change, volatility in crypto assets such as XRP can increase.

XRP Near Apex of Symmetrical Triangle With Resistance in Focus

According to Steph_iscrypto, the XRP/USDT 3-day chart shows price action tightening within a symmetrical triangle pattern, signaling an impending breakout. The upper resistance trendline is at around $2.40, with increasing support at $1.20. The current price is near the apex, where lower volatility through consolidation before a breakout is indicated.#TrumpTariffs #DayTradingStrategy #Write2Earn