White House Meeting Boosts XRP, BTC Enters Consolidation
After a White House meeting on Russia, XRP showed upside potential as analyst TraderLeevis pinpointed a short-term long entry near recent dip levels. Bitcoin pulled back to around $115,000 amid investor caution ahead of key Fed minutes and Jackson Hole remarks. Phoenix highlighted continued selling pressure on BTC despite a bullish divergence on the four-hour chart, while AskCryptoWealth warned that altcoins may not rally immediately, suggesting a consolidation phase for Bitcoin. With Ripple’s ETF decision expected in October and its legal path clarified, XRP’s fundamentals remain underpriced. Traders should monitor upcoming macro events for momentum shifts, as mixed market sentiment is likely to keep cryptocurrency prices in a range-bound pattern in the near term.
Neutral
The mixed signals from XRP’s bullish technical setup and Bitcoin’s constrained price action suggest a balanced market reaction. While XRP could see near-term gains if macro catalysts align, Bitcoin is likely to remain in a consolidation range ahead of key Fed and Jackson Hole events. Historically, major policy announcements have led to short-term volatility followed by consolidation, indicating traders may adopt a wait-and-see stance, resulting in a neutral impact overall.