XRP Price Outlook Ahead of FOMC Decision: Could Leading Altcoins Like $BEST Be Poised for a Breakout?
As markets anticipate a potential interest rate cut by the Federal Reserve, XRP has emerged as one of the top-performing large-cap cryptocurrencies of the week. Recording a weekly gain of 9.45%, XRP has outpaced leading digital assets like Bitcoin and Ethereum, which have risen 5% and 4.5%, respectively, over the same period. This robust performance suggests a renewed appetite for risk among investors, even as macroeconomic uncertainty looms large.
Despite this upswing, analysts caution that XRP’s rally might be losing momentum. The token, which briefly peaked at $2.69, has since retraced slightly. Technical indicators, such as the Relative Strength Index (RSI), now hovering at 51, signal a neutral trend. Furthermore, XRP is trading just under its 50-day exponential moving average of $2.6852, indicating resistance at current levels.
Looking at derivatives data, open interest (OI) has climbed past $4.5 billion, reflecting heightened market engagement. However, a drop in the OI-weighted funding rate points to weakening long-term confidence. Many traders may be preparing for a retest of the key $2.18 support level, as short positions rise amidst growing caution.
The derivatives market has seen fluctuating sentiment, with total open interest falling to $3.49 billion on October 19 — the lowest since April. This decline suggests traders are hedging their bets ahead of the FOMC meeting and potential economic policy shifts, including the anticipated rate cut and ongoing U.S.-China trade dialogues.
Still, a potential pivot towards looser monetary policy could reignite bullish momentum across the crypto sector. If risk appetite returns in force, XRP may attempt to break past the $3 level, although reclaiming its all-time high of $3.65 remains a more distant target.
While XRP garners headlines, another altcoin is quietly gaining traction among forward-looking investors — the Best Wallet Token ($BEST). The presale for this token is nearing the $17 million mark, underscoring increasing interest from a retail base seeking high-upside opportunities in a volatile market.
Unlike many speculative tokens, $BEST is backed by a functioning non-custodial crypto wallet available on both iOS and Android platforms. With hundreds of thousands of downloads, the wallet’s growing user base is helping to build a solid foundation for the token’s ecosystem. This strong utility-driven model differentiates $BEST from typical meme coins or speculative assets.
The Best Wallet team has set an ambitious goal: to capture 40% of the global crypto wallet market by 2026. While bold, this target reflects the project’s traction and strategic focus on retail adoption. The $BEST token offers holders a suite of benefits, including early access to curated presales, reduced transaction fees, higher staking rewards, and governance participation through voting rights.
For investors, these features provide tangible utility that can help stabilize the token’s value during periods of market volatility. With staking APYs currently as high as 79%, early participants in the presale—where tokens are priced at just $0.025865—stand to gain significantly before the next pricing tier is unlocked.
It’s also worth noting that as the presale progresses, the staking returns decrease and token prices incrementally rise. This tiered structure creates a sense of urgency among potential buyers, further accelerating demand and liquidity.
The growing interest in altcoins like $BEST highlights a broader trend in the crypto market: a shift in focus from established giants like Bitcoin and Ethereum to smaller-cap assets with higher growth potential. Retail investors, in particular, are seeking undervalued projects that could surge in value during the next bull cycle, which many believe could start as early as November.
Moreover, regulatory clarity in key markets is contributing to a more stable environment for crypto innovation. Institutional players continue to accumulate blue-chip tokens such as BTC and XRP, while retail investors are diversifying into emerging ecosystems like Best Wallet, which offer both growth and utility.
From a macro perspective, the convergence of dovish monetary policy, increasing retail adoption, and improving crypto infrastructure sets the stage for a potential altcoin breakout. Investors are repositioning their portfolios in anticipation of this shift, with many eyeing presales like $BEST as a strategic entry point.
In conclusion, while XRP’s recent rally may face short-term resistance, its performance signals a possible shift in market sentiment. Simultaneously, the rise of projects like Best Wallet Token offers investors a compelling alternative with significant upside. As we approach the FOMC decision and broader economic indicators begin to shift, both XRP and $BEST are well-positioned to benefit from renewed enthusiasm in the crypto market.
To navigate this evolving landscape, smart investors are combining tried-and-true assets like XRP with high-potential newcomers like $BEST — a strategy designed for both resilience and reward in the next phase of crypto growth.