XRP Price Bounces Back Amid Fed Decision Anticipation

XRP's price rose by 1-2.5% on July 29 as investors cautiously returned to digital assets ahead of the Federal Reserve's interest rate decision.

The softer U.S. dollar and lower Treasury yields have improved investor sentiment, supporting demand for risk assets like XRP.

Institutional interest and growing activity on the XRP Ledger continue to provide long-term support for the token, despite remaining 5.5% lower than last week's levels.

However, traders remain alert to policy uncertainty and technical resistance levels that could determine XRP's next move.