XRP's recent price action has been a bit strange—in the past day, it's been bouncing around the $2 mark, first taking a dip, then climbing back up by about 1.3%.

The timing couldn't be more delicate. The Fed is set to announce its interest rate decision tomorrow, and the entire crypto market feels like it's on pause. To put it simply, every word Powell says next could send the market soaring or crashing in an instant.

Here's the current situation: if the Fed takes a dovish stance tomorrow and signals more liquidity, XRP will likely ride the wave of risk assets rallying together and break out of its current consolidation range. But if Powell remains hawkish and keeps emphasizing tightening, the $2 support level might face a fierce test.

For traders, the best strategy right now is to wait. Keep a close eye on tomorrow's meeting outcome and don't rush to make big bets. In times like this, patience is more valuable than impulsiveness.