XRP Faces Uphill Battle Against $1.10 Resistance

XRP is struggling to break above the $1.10 resistance level, which has capped its recovery for three consecutive sessions.

The asset's price currently sits at $1.07, down 0.57% in the last 24 hours, as it faces a risk-off undertone across liquid assets following the Federal Reserve's decision to hold rates steady.

Fed Chair Kevin Warsh's hawkish post-meeting tone has reinforced this sentiment, with inflation still above the Fed's 2% goal and no exceptions to be made for price stability.

On-chain data from Santiment shows mid-tier holders lifting their cumulative share of total supply, while Ripple secured full MiCA Crypto-Asset Service Provider authorization in Europe, a regulatory milestone with implications for institutional XRP payments flowing across the EU.