XRP, HYPE, and ENA Levels to Watch Before the Fed Meets Today: Analyst

XRP's inverse head-and-shoulders pattern could point higher, but a daily close above $1.55 may be needed before $2.10 comes into view. With altcoins rebounding ahead of the US Federal Reserve’s FOMC meeting, crypto analyst Ali Martinez has laid out support and resistance levels for three of them, XRP, Hyperliquid (HYPE), and Ethena’s ENA. According to him, while the first two need to keep their support intact, ENA has to break through resistance or get hit with a pullback. Support Levels and Targets for XRP and HYPE In an October 28 thread on X, Martinez identified $1.25 as the level to watch for XRP, with its daily chart appearing to form an inverse head-and-shoulders pattern, which, according to the market watcher, is a potential bullish reversal formation. “If $1.25 holds, XRP could move toward the neckline at $1.55,” he wrote. “A daily close above it could signal a breakout toward $2.10.” However, he feels that if it breaks $ 1.25, then the Ripple token could have to face the prospect of a dip to $0.98. On Hyperliquid, the analyst noted that the asset had bounced from about $74, close to a trendline it had been tracking since the start of the year. He recalled that in late Janu...