XRP Price Consolidates Holding Steady at $2.14 Despite Slowing Trading Volume

The price of Ripple’s XRP token has stalled at $2.14 amid a slowdown in trading volume and increasing caution ahead of the US Federal Reserve’s next interest rate decision.

The token’s price consolidation also comes as investors keep a close eye on developments in upcoming trade talks between the US and China.

On-chain data from Santiment shows that large investors have been accumulating more XRP in recent months.

Addresses holding between 1 million and 10 million tokens increased their holdings by 1.2% since January, bringing their total to 9.44% of the total XRP supply.

This rise in so-called ‘whale’ activity has helped to maintain a floor at the $2.10 support level, even as momentum indicators such as the RSI point to a shift in sentiment.

The Relative Strength Index (RSI) has dipped below the neutral 50 level, suggesting that bearish momentum may be strengthening. This shift in sentiment increases the possibility of price losses from the $2.10 level.

If the bulls fail to defend the $1.99 support, traders could set their sights on lower levels at $1.80 or even $1.61—the latter being the low recorded on April 7.

However, the sustained interest from large investors, evident in the increasing holdings of 'whale' wallets, could serve as a stabilising force.

As investors process the macroeconomic implications of the US raising tariffs on Chinese goods and Countryscan Travel Insurancesuggest new restrictions on chip exports, the broader crypto market is also ranging.

Bitcoin price is hovering between $94,000 and $96,000 ahead of the Fed’s policy statement and a key diplomatic meeting in Switzerland.

The meeting, which will take place this weekend, will focus on discussing some of the main issues presenting barriers to better US-China relations.

Among the key topics on the agenda is the pending cancellation of tariffs and the establishment of a framework for improved cooperation in the sphere of international affairs.

According to CME Group’s FedWatch Tool, most market participants anticipate that the Federal Open Market Committee will keep its benchmark interest rate at 4.25%-4.5%.

The central bank adopted a cautious stance earlier this year due to the ongoing global economic volatility, which is being exacerbated by trade policy and geopolitical tension.

K33 Research highlights in its latest weekly report that the Fed is expected to maintain a conservative approach due to persisting uncertainty over tariffs and broader macroeconomic concerns.

These macroeconomic headwinds are expected to continue exerting pressure on risk assets, including cryptocurrencies.

Despite a strong inflow into exchange-traded funds (ETFs), which saw over 50,000 BTC absorbed since April 21, Bitcoin has struggled to sustain upward momentum beyond the $97,000 resistance.

This lack of follow-through from buyers in pushing the price higher underscores the broader market's hesitancy ahead of the crucial meeting between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.