Major Altcoins Rebound Ahead of Federal Reserve Policy Decision
Traders monitor critical support levels for XRP, Hyperliquid, and Ethena before FOMC announcement.
1Market Sentiment Shifts Pre-FOMC
Major altcoins are experiencing a rebound as traders position themselves ahead of the Federal Reserve policy decision. Market participants are closely monitoring defined support and resistance zones for XRP, Hyperliquid, and Ethena. Current technical setups remain vulnerable to significant shifts in risk appetite following the official announcement and subsequent press conference.
2XRP Technical Pattern Analysis
XRP is currently trading near $1.33, showing signs of an inverse head-and-shoulders bottom on the daily chart. Analyst Ali Martinez identifies $1.25 as the critical support level for this pattern. If this support holds, the asset could target a neckline of $1.55, potentially signaling a breakout toward $2.10 if confirmed.
3Downside Risks for XRP
While the inverse head-and-shoulders pattern suggests bullish potential, the structure depends entirely on maintaining the $1.25 support zone. A failure to hold this level would invalidate the current technical setup. In such a bearish scenario, market attention would immediately shift toward the $0.98 zone as the next major area of interest.
4Hyperliquid Trendline Resilience
Hyperliquid has bounced from the $74 level, which aligns with a rising trendline established in late January. Historical data shows this specific trendline preceded rallies of 87 percent in January and 72 percent in August 2026. Maintaining this support is essential to target the next upside objective near $110 for traders.
5Hyperliquid Support Failure Scenarios
Should the $74 support level fail to hold during the upcoming market volatility, the asset faces immediate downside pressure. A break below this threshold would bring the $67 level into focus. If selling pressure continues, the price could potentially test the $60 zone, marking a significant departure from the established trendline.
6Ethena Breakout Potential
Ethena has climbed approximately 18 percent recently, currently testing the upper boundary of a descending channel. A four-hour close above $0.22 is required to confirm a breakout, potentially opening paths toward $0.24 or $0.27. Traders are watching this resistance level closely to determine if the current momentum can be sustained further.
7Ethena Pullback Risks
If Ethena fails to clear the $0.22 resistance level, the token remains vulnerable to a pullback. In this scenario, the price would likely retreat toward the channel’s mid-range at $0.18. This technical resistance highlights the importance of the four-hour candle close in validating the current short-term bullish trend for the asset.
8Macro Positioning Overrides Technicals
Despite specific technical patterns, broader macro positioning remains the primary driver for these assets. Traders are expected to reassess their positions immediately after the Federal Reserve releases its guidance. Until the policy outcome is clarified, technical setups for XRP, Hyperliquid, and Ethena remain secondary to the overarching influence of central bank decisions.
Original article: DailyCoin — Major Altcoins Rebound Ahead of Federal Reserve Policy Decision