XRP is currently consolidating within an apex pattern on the daily timeframe, with a significant price movement anticipated within the next 48 hours. The asset is trading in a bearish market structure, characterized by lower highs and lower lows. A critical support zone is identified between $1.90 and $2.10, which has historically provided strong price floor. For a confirmed bullish reversal, XRP needs to break above the $2.20 level with a strong daily candle, targeting a potential move towards $2.70. This $2.70 level is also reinforced by the 200-day moving average, a break above which could signal further upward momentum, similar to Bitcoin's rally in 2023. However, long-term indicators, such as a bearish cross on the monthly MACD and a breakdown from the 3-day Gaussian Channel, present potential bearish signals, historically leading to significant price downturns. On-chain data reveals substantial accumulation by large wallets (10M-100M XRP) absorbing 330M XRP and 1.32 billion XRP leaving exchanges over 30 days, indicating institutional interest. Furthermore, significantly decreased futures and spot trading volumes across major exchanges suggest low retail participation, often preceding opportune buying periods. The upcoming FOMC meeting and Jerome Powell's press conference are crucial events that could influence market direction, with historical patterns showing rallies into the meeting followed by dumps.