Ripple, Litecoin, Ethereum & Other Notable Crypto$ Swing Low Ahead Of Rates Release

Ripple, Litecoin & Other Major Cryptos Attempt Fresh Swing Lows Tuesday Ahead of Fed Rates

Open a trading account with FBS Broker

As Tuesday dawns, crypto markets are feeling the jitters—and it's not just caffeine driving the moves. With the Federal Reserve’s interest rate decision looming, major cryptocurrencies including Ripple (XRP), Litecoin (LTC), and others are attempting to push into new swing lows. Let’s unpack the price action and the psychology beneath it.

Ripple (XRP/USD) Slides Into Support

Looking at the XRP/USD 4-hour chart, Ripple has been on a relentless downtrend since early May, printing a series of lower highs and lower lows. The price recently pierced through the $2.10 zone, currently hovering around $2.09, flirting with the recent horizontal support level. The sell-off has been steady, with only brief moments of bullish resistance before bears reclaim control.

This pattern suggests that traders are exercising caution—possibly front-running a hawkish tone from the Fed. A drop below $2.08 could open the door to a deeper correction toward the $2.05 or even $2.00 psychological level.

Trade crypto, forex, indices, commodities and many other assets on the FBS Markets

Litecoin (LTC) Follows the Same Rhythm

Litecoin hasn’t been spared from the sell pressure either. While LTC has held some ground better than Ripple, it has also seen its fair share of lower swing lows on intraday charts. With volume increasing on red candles, the market seems bracing for tighter monetary policy and reduced risk appetite across speculative assets like crypto.

Fed Anxiety is Real in the Crypto World

The narrative is clear: traders are risk-off ahead of the Federal Reserve’s upcoming rate decision. With inflation data still sticky, there’s growing concern the Fed may maintain or even hint at additional rate hikes, which tend to spook riskier markets. For crypto, which thrives in high-liquidity environments, the threat of tighter policy often translates to sharp pullbacks.

What to Watch Next

FOMC Rate Decision: The outcome could set the tone for the rest of May. If the Fed hints at a pause or a future pivot, expect a sharp bounce across the board. Otherwise, more pain could follow.

Ripple’s $2.08-$2.05 Zone: This area will be critical. A break below it with volume could accelerate the downtrend.

Litecoin’s $80 Support: LTC bulls need to defend this zone to avoid revisiting March lows.

Final Thoughts

Right now, the crypto space is holding its breath. Ripple and Litecoin are sending clear signals of uncertainty and fear, but that also means opportunities may be on the horizon. Once the Fed’s cards are on the table, volatility could explode in either direction—so get your seatbelts ready, traders.

Start your trading journey with FBS Broker

Comments

Retail Trading Vs. Institutional Trading

Chart Of Euro Vs. Canadian Dollar R etail foreign exchange trading is a small segment of the larger foreign exchange market where individuals speculate on the exchange rate between different currencies. This segment has developed with the advent of dedicated electronic trading platforms and the internet, which allows individuals to access the global currency markets. In 2016, it was reported that retail foreign exchange trading represented 5.5% of the whole foreign exchange market ($282 billion in daily trading turnover). Prior to the development of forex trading platforms in the late 90s, forex trading was restricted to large financial institutions. It was the development of the internet, trading software, and forex brokers allowing trading on margins, that started the growth of retail trading. Today, traders are able to trade spot currencies with market makers on margin. This means they need to put down only a small percen...

Margin Trading & What It Means

What Does Margin Trading Mean? If you've ever scrolled through any broker's website or trading platform and seen the option to "trade on margin " but had no clue what that meant, you're not alone. Margin trading sounds super fancy and a little intimidating, but at its core, it's just borrowing money to trade bigger than your wallet would usually allow you to. The Basics Margin trading is when a trader borrows funds from their broker to increase the size of a position. Think of it like trading with leverage. You put down a percentage (called the margin), and the broker covers the rest. For example, if you wanted to buy $1,000 worth of EUR/USD but only have $100, margin trading lets you make that happen. Why Do Traders Use Margin? Amplified Profits: Bigger trades = bigger potential gains. More Flexibility: You can open multiple positions without tying up all your cash. But Hold Up — There's Risk This isn’t free money. Just as your profits get amplified, so...

Tariffs Fade Away, Markets Lifted With Optimism

Tariffs Fade Away, Optimism Lifted: A Fresh Wind Blows Through Global Trade It’s official: the tariff tides are turning. After years of tension, uncertainty, and back-and-forth policy swings that made global markets feel like a soap opera on loop, major economies are dialing down trade barriers. And the mood? Straight-up lighter, brighter, and filled with the kind of cautious optimism that feels a bit like sunshine after a long economic storm. Let’s unpack what’s happening — and why this shift is such a big deal. The Tariff Era: A Quick Flashback Remember those trade wars from a few years ago? Nations — especially the U.S. and China — were tossing tariffs around like dodgeballs, slapping taxes on everything from steel and aluminum to agricultural goods and consumer electronics. The intention? To protect domestic industries and leverage negotiations. The result? Higher prices, disrupted supply chains, and businesses worldwide caught in a crossfire they didn’t sign up for. Fast-forward t...

ForeX Box

Search This Blog