Crypto
XRP Stuck at $1.10 as Fed Hawkishness Weighs on Price
XRP's price has been stuck at $1.10 for three consecutive sessions as it attempts to break through this resistance level.
The Federal Reserve's recent decision to keep rates steady, along with Fed Chair Kevin Warsh's hawkish tone, has created a risk-off undertone across liquid assets, weighing on XRP's price.
However, Ripple secured full MiCA Crypto-Asset Service Provider authorization in Europe this week, a regulatory milestone that could have implications for institutional XRP payments flowing across the EU.