Ripple (XRP) Breaking $2 as a 'Watershed'... Bullish Forecast of $9.50 Draws Attention Amid Fed Rate Hold
Market attention is focusing on whether the virtual asset Ripple (XRP) can break through the key resistance level of $2. With the U.S. Federal Reserve (Fed) hol

Market attention is focusing on whether the virtual asset Ripple (XRP) can break through the key resistance level of $2. With the U.S. Federal Reserve (Fed) holding its benchmark interest rate steady, forecasts regarding XRP's medium- to long-term upside potential are once again in the spotlight.
Crypto analysis firm EGRAG CRYPTO recently diagnosed through its analysis that XRP must break through the $2.00–$2.10 range for an upper price target of $9.50 or higher to become valid.
In particular, the firm pointed to the '2-month Relative Strength Index (RSI)' as a key indicator supporting this. According to the analysis, it is essential for the RSI to rise above the 50 line, and recovery into the 52.85–55.45 range could significantly strengthen medium- to long-term upward momentum. If the RSI reaches the 80 level, a more aggressive upside scenario would also be possible. Conversely, the firm warned that if the RSI remains below the 50 line, the possibility of further correction cannot be ruled out.
On the macroeconomic front, risk appetite has partially recovered following the Fed's decision to hold its benchmark interest rate. However, the prevailing view is that uncertainty remains over the timing of future rate cuts, meaning volatility in the cryptocurrency market is likely to persist.
According to the global cryptocurrency data platform CoinMarketCap, XRP is currently trading around $1.12, showing a downward trend over the past 24 hours.
[This article was written with the assistance of AI. The final judgment and responsibility for investments lie with the investor, and virtual assets may carry high volatility.]
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