XRP Price News: Ripple Token Eyes 15% Dip As Fed Keeps Rates Steady

XRP (XRP) fell 1.5% to around $1.17 on Thursday, extending its declines from the weekly top near $1.29 and more than 50% from its January peak above $2.40.

Risk Assets Jitter as Kevin Warsh Holds First Meeting as Fed Chair

XRP’s latest decline came as traders digested the Federal Reserve’s decision to keep interest rates steady in Kevin Warsh’s first policy meeting as chair.

The central bank held its benchmark rate at 3.5%–3.75%, reducing hopes for near-term easing and keeping pressure on risk assets. Higher-for-longer rates usually make speculative tokens like XRP less attractive compared with cash, bonds and other yield-bearing assets.

The macro backdrop is now aligning with a bearish technical setup on XRP’s daily chart. XRP appears to be breaking down from a bear flag, a pattern that forms when the price consolidates upward after a sharp decline.

The token dropped from around $1.30 to nearly $1.08 earlier in June, forming the flagpole. Its subsequent rebound inside a narrow rising channel created the flag.

That recovery now looks vulnerable. XRP has slipped below the flag’s lower trendline near $1.16–$1.17, suggesting sellers are trying to regain control. If the breakdown confirms with a daily close below that zone, the measured target sits near $0.97.

That would mark a roughly 15% decline from current price levels.

The moving average structure also favors bears. XRP remains below its 20-day (green), 50-day (red), 100-day (purple) and 200-day (blue) exponential moving averages (EMAs), showing that short-, medium-, and long-term trend signals are still pointing lower.

The 20-day EMA near $1.20 is the first resistance to reclaim, followed by the $1.27–$1.30 area.

A move back above $1.20 would weaken the immediate breakdown. But XRP would likely need a stronger close above $1.28 to invalidate the bear flag setup.

XRP MVRV Bands Point Toward $1

XRP’s on-chain valuation chart adds weight to the bearish technical target.

Glassnode’s MVRV extreme deviation pricing bands show XRP trading below its realized price and moving toward the green lower valuation band. This band represents a historically depressed area where XRP has often searched for support during deeper market corrections.

The key point is confluence.

The bear flag breakdown projects a decline toward roughly $0.97. The MVRV green band also sits around the same $0.96–$1.00 region. That overlap strengthens the case for a downside retest if selling pressure continues.

In simple terms, both the chart pattern and the on-chain valuation model are pointing to the same area: just under $1.

For bulls, defending $1 would be crucial. A breakdown below that level could open the door to deeper capitulation, while a strong rebound from the green MVRV band may signal that XRP is entering a more attractive accumulation zone.

Until then, XRP remains vulnerable as macro pressure, weak momentum and bearish technicals converge.