How high is the price of XRP today after the FOMC meeting?

The US Federal Reserve will announce its interest rate decision today, October 5. For this reason, the immediate impact on Crypto markets may be limited.

At the time of writing, XRP is up 1% to $2.65 in the last 24 hours. They are watching closely how much XRRP will be reported to see how XRP reacts to the timing of the muted price action.

It is fixed before moving

The broader Crypto market has been relatively quiet this week. In particular, XPP, such as HEDARA (HBAR) and letcoin (LTC), has been canceled behind some of the following altacs.

For example, Hedira jumped about 10% in a day after the confirmation of the upcoming ESF. This robustness is widely expected but stops short of being fully implemented.

Why the FRMC meeting for Exp

A certain amount generally increases liquidity in the markets, encouraging investors to invest in risky assets, including countermeasures. If today's decision confirms the cut of expectations, it can demand a gradual recovery in XRP and the wider market.

Still, analysts warn that the scale of XRP's continued movement will determine how investors interpret the signal. A more uncertain outlook from the central bank could limit gains in the short term.

Short-term view

From a technical perspective, XPIP supports strong resistance in the vicinity of $2.75 to $2.80 to build upside. Some short-term drops are more than $2.55 more than the new leg.

However, server conditions are improving to build and build excitement around the upcoming XRP spot ETF. If the fundamentals continue to strengthen, XRP can immediately target the $3 mark.