XRP Struggles to Break Higher Even After Ripple’s MiCA Authorization Amid Hawkish Fed

In the latest XRP update, XRP is trading near $1.07, falling 0.57% over the past 24 hours as the token continues to face resistance around the $1.10 level. Buyers have failed to push through this barrier after three consecutive recovery attempts.

While XRP’s price action appears relatively stable, the broader market picture is more complicated, with macroeconomic factors and on-chain trends shaping the next potential move. The outcome of this consolidation will depend on whether buyers can break the resistance or if sellers regain control.

The Federal Reserve kept rates unchanged at 3.50%–3.75%, but Fed Chair Kevin Warsh’s hawkish tone following the meeting added pressure to risk assets. His comments emphasizing the Fed’s determination to achieve the 2% inflation target contributed to a more cautious market environment.

Despite these challenges, blockchain data from Santiment shows that mid-sized XRP holders have continued accumulating. Addresses holding between 10,000 and 100,000 XRP now control 11.9% of total supply, increasing from 11.64% on July 1. Meanwhile, the 100,000 to 1 million XRP group also expanded its share to 11.75% during the same period.

Ripple received another major boost this week after securing full MiCA Crypto-Asset Service Provider authorization in Europe, a regulatory achievement that could strengthen institutional adoption of XRP payment solutions across the EU. XRP perpetual futures open interest remains elevated at 2.27 billion XRP, slightly below the weekly peak of 2.29 billion XRP.

The mix of a hawkish Fed outlook, technical resistance near $1.10, and Ripple’s regulatory progress creates a critical setup for XRP’s next direction.

XRP Price Forecast: Can Bulls Break the $1.10 Barrier?

XRP is currently trading around $1.07, positioned below the Bollinger Band centerline near $1.10 and beneath its key exponential moving averages.

The 50-day EMA at $1.13, combined with the upper Bollinger Band around $1.14, forms a strong resistance area that has repeatedly limited upward momentum. The 100-day EMA at $1.21 and the 200-day EMA at $1.41 continue to indicate that the larger trend remains bearish unless buyers can regain strength.

Momentum indicators remain mixed. The daily RSI is hovering near 45, suggesting neutral conditions but with weakening momentum. The MACD remains slightly below zero, indicating that recent bullish efforts have lost momentum rather than attracting significant new demand. Trading volume and open interest also remain below recent highs, reducing confidence in an immediate breakout.

The $1.00 mark remains the key support level for XRP. A daily close below this zone would weaken the recovery setup and signal that selling pressure is increasing.

A breakout above $1.10 supported by strong volume, renewed institutional interest after Ripple’s MiCA approval, and open interest moving beyond 2.29 billion XRP could drive XRP toward the $1.13–$1.14 region.

Until then, XRP is likely to continue consolidating between $1.05 and $1.15 as traders monitor ETF developments and possible exchange-related catalysts. A move below $1.00 would suggest sellers are taking control and could overshadow the recent accumulation trend among mid-tier XRP holders.