XRP is trading at $1.47, down 2.5%, as markets digest a Federal Reserve staff proposal for a new crypto risk framework. Daily trading volume surged 132% to $6.1 billion. Technical analysis indicates support near $1.45 and a potential short-term rally toward $1.87. The Fed’s plan would categorize XRP as a floating crypto asset, signaling growing institutional recognition of digital assets as a distinct financial class.
XRP is currently trading at $1.47. The token’s trading volume surged to $6.1 billion over the past 24 hours, a 132% increase according to market data.
Crypto analyst Vuori highlighted that recent price action showed a short-term pump and dump. Support has emerged in the $1.42 to $1.45 range, indicating potential seller exhaustion.
Momentum indicators now suggest early signs of a bullish reversal. Traders are watching the $1.72 to $1.87 resistance zone for a potential breakout.
The Federal Reserve has proposed a new framework for banks to measure cryptocurrency risk. This plan, tied to the International Swaps and Derivatives Association (ISDA) model, would categorize crypto into pegged and floating asset subgroups.
The Federal Reserve’s proposal places XRP in the floating asset category. This classification means its price data could be used by banks to model crypto exposure.
While not a binding rule, the staff proposal reflects increasing institutional scrutiny. Analysts say such clarity could improve risk assessment for crypto derivatives and foster broader market participation.
