XRP (XRPUSD) Today: Bulls Defend 1.2984 as the Fed Decision Looms
Market in Focus | XRP (XRPUSD) | Wednesday 28 October 2026
XRP (XRPUSD) Today: Bulls Defend 1.2984 as the Fed Decision Looms
1.3249 −0.0048 (−0.36%) Open 1.3294 · High 1.3426 · Low 1.3237 Daily chart · RSI 45.07 · Captured 07:13 GMT
Desk bias, next 24 hours Bullish Holds while price stays above 1.2984
Market Overview
XRP today sits at 1.3249, down 0.36%, with the rising triangle floor and slow average at 1.2984 holding the entire structure together. The Federal Reserve (Fed) decision at 18:00 GMT collides with Ripple's new federal trust charter. Bulls keep control above 1.2984; a long from 1.2990–1.3050 targets 1.3319 first, and a break of 1.2880 voids the setup.
Key highlights
- Bias: Bullish above 1.2984; neutral inside the triangle.
- Levels: Support 1.2984 and 1.2780; resistance 1.3319 and 1.3426.
- Event risk: Rate decision 18:00 GMT, press conference 18:30 GMT.
XRP Trade Ticket for the Next 24 Hours
XRP
LongMedium convictionValid until 07:00 GMT Thu 29 Oct
- Entry zone
- 1.2990–1.3050
- Average 1.3020
- Stop loss
- 1.2880
- −140 points
- Take profit 1
- 1.3319
- +299 points
- Take profit 2
- 1.3426
- +406 points
- Take profit 3
- 1.3993
- +973 points
Average entry 1.3020. Risk 140 points. Reward:risk 2.1 to TP1, 2.9 to TP2, 7.0 to TP3.
Why this trade: Long from the triangle floor and slow average at 1.2984, backed by Ripple's charter and BNY custody.
Cancel if: A daily close under 1.2880, or a hawkish Fed surprise at 18:00 GMT.
Position risk: The stop risks about 1.1% of the average entry. Cancel if unfilled by 17:30 GMT Wed 28 Oct.
XRP Price Ladder: Every Level That Matters Today
| Price | Level | What it is | Distance |
|---|---|---|---|
| 1.3993 | Resistance 3, TP3 | Medium average | +744 points |
| 1.3426 | Resistance 2, TP2 | Today's high | +177 points |
| 1.3319 | Resistance 1, TP1 | Fast average | +70 points |
| 1.3249 | Price now | Captured 07:13 GMT | 0 points |
| 1.2990–1.3050 | Entry zone | Average 1.3020 | −259 to −199 points |
| 1.2984 | Support 1 | Slow average, triangle floor | −265 points |
| 1.2880 | Stop loss | Beyond Support 1 | −369 points |
| 1.2780 | Support 2 | Late-October swing low | −469 points |
| 1.2520 | Support 3 | Double-top neckline | −729 points |
XRP Technical Summary: Triangle Floor Tested Near 1.2984
- Trend
- Price coils inside a triangle, resting on its rising floor at 1.2984.
- Averages
- Below 1.3319 and 1.3993; above the slow average at 1.2984.
- Momentum
- RSI 45.07, above its 40.32 average but under the 50 midline.
Bull vs Bear Signal Board for XRP
| Signal | Reading | Lean |
|---|---|---|
| Trend | Triangle floor 1.2984 under test | Neutral |
| Moving averages | Below 1.3319, above 1.2984 | Neutral |
| Momentum | RSI 45.07 over 40.32 average | Neutral |
| US rate path | Policy rate 3.75%–4.00%, CPI 3.7% | Bearish |
| Ripple trust charter | Final federal approval on 26 Oct | Bullish |
| Institutional custody | BNY adds XRP and RLUSD | Bullish |
Net score: 2 bullish, 3 neutral, 1 bearish
Next 24 Hours on the GMT Clock
Wed 28 Oct
US equity market opens Low
Risk appetite test for the 1.3319 fast average
Wed 28 Oct
US rate decision; hold priced near 91% High
Hawkish surprise exposes 1.2984; a hold favours 1.3319
Wed 28 Oct
Chair Kevin Warsh press conference High
Guidance steers price toward 1.3426 or 1.2780
Thu 29 Oct
Daily candle closes Medium
Settling beyond 1.2984 or 1.3319 sets Thursday's tone
If-Then Playbook for XRP
If price pulls back into 1.2990–1.3050
Then go long; targets 1.3319, 1.3426, 1.3993
If price reaches 1.3319 without filling the entry
Then wait for a retest of 1.3050 or 1.2984
If a 4-hour candle closes above 1.3426
Then hold for the extension toward 1.3993
If the daily candle settles beneath 1.2880
Then drop the idea; next support 1.2780
Catalyst Wire: Fundamental News for XRP
US rate decision due 18:00 GMT with a hold priced near 91%
CME data shows 90.6% hold odds and 9.4% hike odds; the policy rate sits at 3.75%–4.00%.
Source: CoinGabbar, Coinpedia, 27 Oct 2026
Ripple wins final federal trust bank approval
The Office of the Comptroller of the Currency (OCC) completed a process begun in December 2025, widening custody and RLUSD reserve management.
Source: Yahoo Finance, 27 Oct 2026
Bank of New York Mellon (BNY) adds XRP custody as outflows persist
The service covers XRP and RLUSD for eligible institutions; US XRP funds shed 2.70M XRP on 26 Oct.
Source: Boerse-Global, XRP Insights, 27 Oct 2026
Conclusion
Desk verdict Long 1.2990–1.3050; stop below 1.2880
We favour the long from 1.2990–1.3050, aiming for 1.3319 first. Settling beneath 1.2880 cancels it, while a four-hour close above 1.3426 extends the move toward 1.3993. The main risk is the 18:00 GMT rate decision, where a hawkish tone could push price through 1.2984.
Trade XRP and other cryptocurrencies with Capital Street FX.
Frequently Asked Questions
What is the XRP outlook for the next 24 hours?
Bullish while price holds above 1.2984, with 1.3319 and 1.3426 as first targets and 1.3993 beyond.
What is the XRP trade setup today?
A pullback long in the 1.2990–1.3050 band, risking 140 points for 299 to the first target.
Why does the Fed decision matter for XRP?
A hold is priced at 90.6%; a hawkish tone could lift yields and push XRP through 1.2984.
What time is the Fed decision today in GMT?
The decision lands at 18:00 GMT (14:00 US Eastern), followed by the Warsh press conference at 18:30 GMT.
