In the cryptocurrency market, XRP is at a phase of uncertainty. According to recent analysis, to avoid further decline, the cryptocurrency must reclaim the $3.30 level.
Critical Level of $3.30
A recent post by analyst Ali on platform X highlighted that XRP needs to restore the $3.30 level to avoid a potential drop to $2.60 or even $2. This statement is based on the price chart covering the period from March to August 2025.
Impact of Federal Reserve Decisions
The recent decline of the U.S. dollar, driven by anticipated Federal Reserve rate cuts, could inject liquidity into the market, potentially benefiting altcoins like XRP. Lower interest rates typically reduce borrowing costs, supporting investment in risky assets such as cryptocurrencies.
Market and Accuracy of Technical Analysis
However, the accuracy of technical analysis in cryptocurrencies leaves much to be desired. A 2023 study in the Journal of Financial Economics revealed that such methods have an accuracy rate below 50% for volatile assets. Community reactions on X range from skepticism to optimism, illustrating a wide range of opinions on XRP's future.
Conclusions regarding XRP emphasize the importance of monitoring its ability to stay above $3.30. This may be a critical factor for its near future in the ever-changing world of cryptocurrencies.
