XRP is extending its recovery on Wednesday, October 28, 2026. It trades near $1.3365, up 2.87% in 24 hours. The move follows news that Ripple got approval from U.S. authorities to set up a na
XRP is extending its recovery on Wednesday, October 28, 2026. It trades near $1.3365, up 2.87% in 24 hours.
The move follows news that Ripple got approval from U.S. authorities to set up a national bank.
Traders are also watching the FOMC rate decisionat 2:00 PM ET. Warsh's press conference follows at 2:30 PM ET.
What Are the Odds for the Fed Decision Today?
CME FedWatch data shows traders expect no change at today’s FOMC meeting. The probability of a hold stands at 90.6%, which would keep the target rate at 3.75% to 4.00%. A 25 bps hike to 4.00% to 4.25% has a 9.4% chance, and the odds of a rate cut are 0.0%. Expectations have firmed up quickly. A day ago, the hold odds were 88.9%, and a week ago they were 84.5%. A month ago, markets saw a 70.9% chance of a hike and only a 29.1% chance of a hold. A hold is now almost fully priced in, so the bigger risk for XRP may come from Warsh’s tone at the 2:30 PM ET press conference rather than the decision itself. A hawkish surprise could hit risk assets like crypto, while a softer message could add to the current bounce.
Two things are helping XRP. The bank approval is a clear positive for sentiment. Buying pressure on exchanges has also improved.
The Fed event adds risk. Big rate news can move the whole crypto market fast, so volatility may stay high.
Metric
Value
Price
$1.3365
24-hour change
+2.87% (+$0.03729)
Futures volume (24h)
$2.31B
Spot volume (24h)
$397.77M
Market cap
$84.79B
Open interest
$3.02B to $3.03B
Circulating supply
63.35B
Total supply
99.98B
Max supply
100.00B
Binance data from Arab Chain shows the Taker Buy/Sell Ratio at about 1.076. That is its highest level in three months.
A reading above 1 means aggressive buy orders are beating sell orders. It hints at better buying pressure.
Still, the ratio has swung up and down since April. One reading is not a trend. Traders will want price and volume to confirm it.
Open interest rose 4.61% to $3.03 billion. More traders are active in futures.
The overall 24-hour long/short ratio is 0.9486. That is a slight lean toward shorts. Account-based ratios on Binance and OKX look more bullish.
Options tell a quieter story. Volume fell 73.84% to $2.41 million. That points to far fewer options trades than before.
Options open interest still rose 1.40% to $79.86 million. So existing bets are growing a little, even as new trading slowed.
The mix of signals means sharp moves are still possible.
Derivatives Metric
Reading
Long/Short ratio (24h, overall)
0.9486
Binance XRP/USDT accounts
2.7965
OKX XRP accounts
3.23
Binance top traders (accounts)
3.2918
Binance top traders (positions)
2.1645
Futures volume
$2.32B (+3.81%)
Open interest
$3.03B (+4.61%)
Options volume
$2.41M (-73.84%)
Options open interest
$79.86M (+1.40%)
Shorts took more pain. In 24 hours, $1.26 million of the $1.52 million total came from short positions.
Period
Total
Long
Short
1 hour
$17.46K
$1.19K
$16.27K
4 hours
$470.15K
$34.70K
$435.45K
12 hours
$720.86K
$54.48K
$666.38K
24 hours
$1.52M
$253.73K
$1.26M
Ali Charts says the TD Sequential flashed a buy signal on the XRP 3-day chart. The last three similar signals led to rebounds of 31%, 24%, and 18%.
The latest candle on the chart carries a 9 marker. That is the count that completes the setup.
The chart also marks a 71.88% jump from the August low. Past results do not guarantee what comes next.
Past Signal Move
Rebound Marked on Chart
Earlier signal 1
+31.26%
Earlier signal 2
+24.38%
Earlier signal 3
+18.65%
August low
+71.88%
If $1.25 holds, a rebound toward $1.40 is possible. If it breaks while whales keep taking profits, $0.98 could be next.
On the daily chart, Ali Charts sees a possible inverse head-and-shoulders bottom. The right shoulder may be forming near $1.25.
The left shoulder formed earlier, around June. The head came in August, when price hit its lowest point on the chart, below $1.15.
After that low, price climbed back to the $1.55 area. It then slipped again toward $1.32, where the right shoulder may be taking shape.
The neckline sits at $1.55. A daily close above it could open a path toward $2.10.
If $1.25 breaks instead, the pattern fails and $0.98 comes into focus.
It is only a pattern so far. It needs confirmation.
Level
Why It Matters
$2.10
Breakout target after a daily close above $1.55
$1.55
Neckline and main resistance
$1.40 to $1.45
Rebound target and possible liquidity sweep zone
$1.3365
Current trading price
$1.25
Key support for the right shoulder
$0.98
Downside level if $1.25 breaks
One chart idea shows a final liquidity sweep into the $1.40 to $1.45 zone. Price would push into that area, trigger orders, then pick a direction.
It is one possible path. It is not a sure thing.
A few things matter in the short term:
Whether $1.25 holds on any dip.
Whether the taker ratio stays above 1.
Whether open interest keeps rising with price.
Whether short liquidations continue to build.
A daily close above $1.55 would be the biggest test for XRP. Until then, the range between $1.25 and $1.55 is where most of the action may stay.
Nobody can say for sure. Rate decisions often cause fast swings.
The signals lean positive for now. Still, derivatives data is mixed, and $1.25 is the line many traders are watching. The reaction to the Fed will likely set the tone.
This article is for information only. It is not financial, investment, or trading advice. Crypto is highly volatile, and you can lose money. Past signals do not guarantee future results. Do your own research and speak to a licensed financial advisor before investing.
