XRP is trading at $3.03 at the time of writing, holding steady after a week where it gained 8.12%. Its market cap stands at $181.16 billion, with daily trading volume reaching $5.29 billion, up nearly 10%. The question now is whether the token can keep support above the $3 mark in the days ahead.

Fed Rate Cuts Could Be a Catalyst

All attention currently is on the Federal Reserve’s policy meeting scheduled for September 17. A rate cut could inject fresh momentum into risk assets, including cryptocurrencies. Traders are already positioning for possible upside, and XRP’s recent strength suggests it could benefit if broader market sentiment turns bullish.

Technical Levels to Watch

On the daily chart, XRP has respected its support zones and continues to show a bias toward higher prices. The immediate support sits between $2.92 and $2.95. As long as this range holds, analysts see room for continuation to the upside.

Resistance is building near $3.10 to $3.15, where previous swing highs capped rallies in recent months. A break above that zone could open the door toward $3.40. Beyond that, major resistance levels sit at $3.80 and $4.30, both of which could come into play if momentum accelerates.

Market Sentiment

Despite the volatility, market structure remains intact. It remains to be seen whether XRP can establish a firm base above $3, which would mean strength heading into the Fed meeting. If the bullish trend fades and the token slips below $2.92, it would confirm a loss of control and potentially reset the short-term outlook.

For now, XRP looks stable above $3, with buyers defending important levels and positioning for another push higher. Whether the token can extend gains will depend not only on its technical structure but also on how the Fed shapes market sentiment next week.