The analysis focuses on XRP's price action, considering both recent macroeconomic events and on-chain data. The FOMC meeting's outcomes were largely as anticipated, with a slight bearish tilt concerning the monetary policy outlook for the upcoming year, which was already priced into the market. XRP ETF inflows saw approximately $10 million, consistent with average figures from the previous week. These inflows are observed to be Over-The-Counter (OTC) transactions, potentially explaining the lack of immediate market price reaction. XRP is currently consolidating within a three-week range. Despite recent bearish pressure post-FOMC, pushing the price down to the value area low, strong historical and recent support exists around the $2.00 to $1.96 range, notably where single prints and imbalances are present. While a bearish breakdown below $1.96 is a possibility, the market is viewed as strong enough, with sufficient underlying fuel indicated by negative funding rates (a typical sign of a bottom forming), to support a move higher. Significant short positions have also accumulated during the Asian session. The near-term prediction suggests a bounce from current support levels, targeting the 7-day rolling VWAP, then the 30-day rolling VWAP, implying a potential ascent towards $2.150. Longer-term targets around $2.28 to $2.40 are considered for December or January.