XRP is currently trading within a narrow range around $2, as the market awaits the Federal Reserve's policy meeting in February. Analyst Evan Aldo pointed out that XRP is consolidating, and if market conditions improve, the price could move towards the resistance zone of $2.40 to $2.50. He warned that Federal Reserve Chair Jerome Powell's comments on inflation or interest rates could put pressure on risk assets, making this meeting a potential turning point. After the meeting, if XRP can sustain above $2.50, it may indicate a bullish reversal.
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XRP is currently trading within a narrow range around $2, as the market awaits the Federal Reserve's policy meeting in February. Analyst Evan Aldo pointed out that XRP is consolidating, and if market conditions improve, the price could move towards the resistance zone of $2.40 to $2.50. He warned that Federal Reserve Chair Jerome Powell's comments on inflation or interest rates could put pressure on risk assets, making this meeting a potential turning point. After the meeting, if XRP can sustain above $2.50, it may indicate a bullish reversal.