XRP was trading at $1.27 on September 16, after falling 10% over 24 hours and 11.2% over the previous week, according to Coinpedia. The decline pushed the cryptocurrency below a key technical support level that market watchers had monitored for several weeks. The move came shortly before the Federal Reserve’s scheduled rate announcement, expected at around 2:00 p.m. ET. The timing places XRP’s latest weakness ahead of a major macroeconomic event that could influence trading conditions across financial markets. Coinpedia focused on where XRP might find a bottom following the Federal Open Market Committee decision, but the supplied report does not provide a specific projected level or outcome. XRP’s performance remains the central market development highlighted in the report, with its short-term direction being assessed against the broken support area and the upcoming Fed announcement.
XRP Drops 10% Ahead of Federal Reserve Rate Decision
XRP traded at $1.27 after dropping 10% in 24 hours and 11.2% in a week. The decline broke a closely watched support level shortly before the Federal Reserve’s rate announcement.
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