XRP Tests $1.20 Support Amid FOMC Preparations as Decline Accelerates

XRP has fallen sharply ahead of the U.S. Clarity Act failure and the Federal Reserve's upcoming interest rate decision, with technical analysis highlighting $1.20–$1.10 as key near-term price levels. According to CoinGecko and CoinGecko data, XRP dropped below $1.23 on Friday (local time), with CoinGecko reporting a 10% decline from the previous day and an 11.2% drop compared to one week earlier. Markets are pricing in a 93% probability of a 0.25 percentage point rate hike at today's Federal Open Market Committee (FOMC) meeting.