🔥 $XRP maintains its stability amid interest pressures and volatile markets
Despite the rise in cryptocurrency volatility due to interest rate expectations, I noticed that XRP is still holding steady near the $3.00 level — a strong support point amid this turmoil. The sideways movement between $2.95 and $3.00 reflects clear selling pressure above $3.32, but the bulls are still ready to pounce.
📊 Notably, open interest and futures contract volume have decreased, reflecting investor caution, especially after activity dropped to $10.6 billion compared to a previous peak of $41.23 billion in July. The decline reflects market skepticism and may affect the pace of recovery if the trend continues.
🏦 Conversely, the relative price stability may enhance investor confidence, especially with anticipation of Jerome Powell's comments during the upcoming Fed meeting in September. Investors expect the interest rate to remain between 4.25% and 4.50%, but the tone in which Powell speaks will determine the upcoming risk sentiment.
⚖️ On the regulatory side, a new report from the White House led by former President Trump's task force will clarify the United States' stance on stablecoins, tokenization, and digital asset market legislation. The awaited recommendations from the SEC regarding the regulation of digital stocks and bonds may shape the contours of the next phase.
📉 On the whale level and market behavior, the moves indicate cautious accumulation, but there is still a desire to test the resistance at $3.66, the highest level XRP recorded in July. Will we witness a sudden breakout? Or will there be an extension of the negative phase?
💬 Discussions on social media and the digital community have started to move, but the social momentum is still modest compared to strong pump times.
⚠️ The market is in a sensitive position, and every step requires careful planning. Risk management is now more important than ever. As XRP comes under regulatory and political radar, this could be a true testing period for what the project can achieve in a more mature environment.
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