XRP holds support despite market selloff

• XRP fell nearly 5% after a broader crypto market decline triggered by the Federal Reserve’s latest policy outlook.
• Analysts identified bullish divergence signals while key support remains near the US$1.16-US$1.18 range.
• Ripple’s business expansion and revenue targets are providing a fundamental backdrop despite weaker market sentiment.

XRP (CRYPTO:XRP) fell nearly 5% to an intraday low of US$1.16 after a broader cryptocurrency selloff followed the Federal Reserve's decision to maintain interest rates at 3.50%-3.75% while signalling potential tightening risks in 2026.

The decline came after XRP failed to break above resistance near US$1.25 and triggered additional selling pressure as the token fell below the recently reclaimed US$1.20 level.

“XRP just flashed a bullish divergence on the 3D chart while trading inside a falling wedge,” said market analyst Gerla.

Technical indicators showed XRP testing support near the 23.6% Fibonacci retracement level around US$1.165 while remaining above an ascending trendline that has been in place since early June, with analysts identifying US$1.12 as the next major support level if current demand weakens.

Traders continue monitoring whether XRP can reclaim resistance near US$1.20 and US$1.26, while liquidation data from CoinGlass showed significant leveraged positions clustered near US$1.30 and US$1.34 that could become targets if buying momentum returns, and following the decline XRP traded near US$1.16.

Away from market activity, Ripple recently acquired an equity stake in African fintech company Flutterwave, which was reportedly valued at US$3.3 billion in the transaction.

Ripple has also stated that it expects to achieve a US$1 billion revenue run rate by the end of 2026, excluding XRP holdings on its balance sheet, while investors continue to weigh those growth plans against broader macroeconomic risks affecting digital assets.

At the time of reporting, XRP price was $1.15.