XRP Pinned Between Bulls and Bears Ahead of FOMC Week

XRP is currently trading near $1.35, down 1.9% today but still up 4.7% over the past week.

The token is testing a level that mattered heading into the weekend, last week's key support zone around $1.355, and has slipped below it but not decisively enough yet to call the setup broken.

A crypto analyst tracking XRP's structure notes that the token has held below its short and medium-term average price levels since Friday, a shift that technically points toward $1.25 as the next logical target if weakness continues.

However, the analyst was careful not to overstate it, noting that wider support still sits between $1.29 and $1.32, and selling pressure behind the pullback doesn't look particularly aggressive.