XRP Steadies Amid Signs of Tighter US Monetary Policy

XRP has steadied as investors watched geopolitical developments in the Middle East and signals from the Federal Reserve that it may raise interest rates further.

The cryptocurrency reclaimed support at $1.50 on Tuesday, with a solid technical structure supporting a bullish outlook for the short to medium term.

However, XRP still faces risks as profit-taking and fading buyer momentum could weigh on price action and extend the recent correction from its September high of around $1.66.

New York Federal Reserve President John Williams said the US central bank has time to assess incoming data before deciding when to raise interest rates again, suggesting one additional rate hike is likely before the end of the year.