XRP Faces Crucial Next Two Weeks Ahead of Q4

XRP's price has dropped by 10% since its August peak of $1.70, and is currently trading at around $1.28.

Analysts predict that XRP could reach between $1.25 to $1.35 before the end of Q3, but a daily close below the $1.21 fifty-day moving average could send prices plummeting to as low as $0.88.

The token's on-chain data shows that 75% of its holders are currently underwater, with many investors still recovering from last year's price drop to $0.99.

To reach the bull case target of $1.55 by October 1, XRP would need a dovish signal from the Fed's decision today and a renewed push for the CLARITY Act in the weeks following yesterday's failed vote.