XRP is currently trading at $1.47, down 2.5% as traders reacted to a Federal Reserve staff proposal that could reshape how global banks measure and manage cryptocurrency risk.
The paper suggests introducing a dedicated crypto asset class, placing XRP among key floating-market instruments and signaling that regulators increasingly view digital assets as a distinct financial category.
Over the past 24 hours, XRP’s trading volume surged to $6.12 billion, a 132% increase from the previous day, according to CoinMarketCap. The token has gained 2.62% over the past week, reflecting strong intraday market activity as traders weighed potential regulatory and technical catalysts.
XRP Reclaims Intraday Support Levels
Crypto analyst Vuori highlighted that recent XRP price action reflected a short-term pump and dump, with quick liquidation of short positions following an earlier rally.
On the XRP/USD four-hour chart, the token experienced a sharp sell-off from the $2.40–$2.20 region, breaking multiple moving averages and accelerating bearish momentum.
Support emerged near the $1.42–$1.45 range, where heavy volume and a long lower wick indicated seller exhaustion and aggressive buying.
Since then, XRP has formed a V-shaped recovery, reclaiming intraday support levels at $1.48 and $1.52. Momentum indicators, including the RSI climbing to 62 and short-term moving averages curling upward, suggest early signs of a bullish reversal.
Traders now eye the $1.72–$1.87 resistance zone. A breakout above $1.87 could pave the way for a test of $2.05–$2.20, while rejection might trigger a pullback toward $1.52 or the $1.45 support level.
Federal Reserve Proposes Crypto Margin Framework
The Federal Reserve’s proposal, tied to the International Swaps and Derivatives Association (ISDA) Standard Initial Margin Model (SIMM), recommends categorizing crypto into pegged and floating assets. XRP falls into the floating subgroup, meaning its price and volatility data could serve as a calibration tool for banks modeling crypto exposure.
While the framework is a staff proposal and not a binding rule, it reflects growing institutional recognition of digital assets and may improve risk assessment for crypto derivatives. Analysts say that such clarity could foster broader market participation by reducing reliance on proxies and aligning traditional banking models with cryptocurrency behavior.
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