XRP Price Holds at $2.08 as Trump Eyes Powell's Removal; Bitcoin Eyes $100K Breakout.

Ripple's XRP is trading at $2.08, hovering just above key support, as crypto markets weigh the geopolitical fallout from a potential shake-up at the U.S. Federal Reserve.

President Donald Trump is actively considering the removal of Federal Reserve Chair Jerome Powell, according to a report by Kevin Hassett, White House economic adviser.

The report, published by Reuters, cites Hassett’s comments at the Economic Club of New York on Tuesday. He confirmed that Trump is contemplating the potential firing of Powell, aiming to shake-up the U.S. central bank amid rising trade tensions with China and a mixed economic outlook.

This development could have significant implications for both traditional financial markets and cryptocurrencies.

Trump’s Consideration of Firing Fed Chair Powell Sparks Bitcoin Predictions to $110K

The president’s consideration of firing the Fed chair challenges the independence of the central bank, which could undermine global confidence in U.S. monetary policy and spur volatility across risk assets.

However, this could ignite a bullish breakout for crypto. Bitcoin’s narrative as a non-sovereign hedge would gain momentum, propelling mega-cap altcoins like XRP into a 30% to 40% rally.

If Bitcoin does breach the $110,000 level in response to this political shock, XRP is likely to post a 30% to 40% rally, targeting $2.21–$2.22 (EMA confluence), $2.30 (major liquidation zone), and $2.45 (next resistance level).

A confirmed BTC breakout above $110K would likely catalyze a Ripple price rally toward $2.75, with a final upside projection at $3.10, assuming elevated risk appetite and sustained altcoin rotation.

XRP price today hovers at a crucial support as Trump’s firing of Fed Chair Jerome Powell sparks Bitcoin predictions to $110K, setting the stage for a pivotal move in the coming days.

Where Is XRP Headed Next?

At press time, XRP is trading at $2.08, clinging to the lower boundary of the $2 support zone, which has buffered declines since mid-August.

The cryptocurrency is currently facing resistance at the 50-hour Exponential Moving Average (EMA) around $2.08, with a breach potentially opening the door for a rally toward the $2.21–$2.22 support, where the 100-hour EMA and the 200-hour EMA converge.

A successful break above this level could propel XRP towards $2.3, a major horizontal resistance and the site of significant leveraged long positions that, if liquidated, could provide additional support for the cryptocurrency.

Further gains may encounter resistance at the $2.45 level, the next significant Fibonacii resistance.

On the other hand, if XRP drops below the $2 support, it could invite selling pressure, potentially leading to a decline towards the $1.9 support.

However, if Bitcoin experiences a strong breakout above the $109,000 resistance, potentially reaching $110K, it could set the stage for a 30% to 40% rally in XRP.

This move would likely carry XRP towards the $2.75 level, with the final upside target set at $3.10, assuming sustained buying pressure and a continuation of the altcoin season.

XRP derivatives data reveals a mixed sentiment, with retail traders appearing optimistic while strategic players are hedging or scaling back exposure amid rising macro uncertainty.

Over the last 24 hours, XRP derivatives volume dropped -23.42% to $2.97 billion, signaling that traders are stepping aside. Open interest dipped -0.42%, hinting at reduced conviction.

Options volume collapsed -61.64%, suggesting institutions are retreating from volatility-heavy positions, while options open interest climbed 31.16%, a sign that traders are buying protection, likely bracing for volatility rather than betting on upside.

The 24-hour long/short ratio stands at 0.9826, indicating a near-even split between bullish and bearish bets—an uncommon dynamic during genuine bull trends.

A closer look at major exchanges reveals the divergence between retail and institutional sentiment: on Binance, the XRP/USDT long/short ratio currently trends at 2.076, while on OKX, the ratio stands at 1.66—both indicating that retail traders remain decisively net-long on XRP.

However, when analyzing top trader behavior on Binance, a more cautious tone emerges. The long/short ratio by accounts is 1.9334, while the ratio by positions drops to 1.2435, suggesting that larger investors are taking a more defensive stance, potentially cutting down on leverage exposure in anticipation of volatility.

Meanwhile, liquidation metrics further highlight the weakening of bullish momentum. In the past 24 hours, long positions absorbed $432,33

News data source: kdj.com

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