Fed Rate Cuts Spark Crypto Rally: XRP Eyes $4.20, Bitcoin Targets $130K, Dogecoin ETF Looms

Well, the Federal Reserve finally made its move. After years of holding steady, that first interest rate cut is here. And honestly, it’s thrown a bit of fuel on the fire for cryptocurrencies. There’s a sense that things are shifting. With stablecoin reserves looking solid and a general willingness to take on risk, it feels like a big week ahead. We’re seeing major coins and meme tokens alike lining up for their next big tests.

XRP Eyes a Critical Level

XRP is sitting around $3.12 on the weekly chart. That’s not bad at all. It’s managing to hold above all its key moving averages, which is a good sign of underlying strength. The structure looks solid, maybe even building momentum. Which is surprising, considering it’s already had a massive run this year.

The number everyone’s talking about now is $4.20. That was the breakout target flagged during its last consolidation phase, and it’s back in the conversation. If it can push through, it opens the door to much higher prices. But if it fails around the $3.50-$3.80 area, we might just see things stall out for a while. A drop below $2.90 could signal a deeper pullback. For now, all eyes are on that $4.20 mark.

Bitcoin’s Push Toward New Highs

Bitcoin is hovering near $117,350. The old debates are still there—is it digital gold or just a high-risk tech play? The Fed’s rate cut doesn’t really answer that. It just gives both sides something to talk about.

The key thing is that BTC is bumping up against the $118,000-$120,000 zone. If it can get through that, the path toward $130,000 looks a lot clearer. The support structure on the weekly chart is strong, which makes any dip look like a potential buying chance for bigger players. But if it gets stuck below $120,000, we could be in for a grind. Losing $114,000 would shift attention back to lower supports. It wouldn’t break the long-term trend, but it would certainly slow things down.

Dogecoin and the ETF Effect

Dogecoin is at $0.282, and for once, the chatter isn’t just about Elon Musk or memes. There’s an ETF—the REX Osprey Dogecoin ETF—set to list this week. That’s a first for DOGE. It gives it a kind of legitimacy it hasn’t really had before.

Whether it actually pulls in huge money might not even matter right away. The market tends to react to the story first. Breaking $0.30 could open up a run toward $0.35 and beyond. But if it can’t get through that resistance, the excitement might fizzle. A fall back under $0.24 would be a worrying sign. For now, it’s all about whether the ETF news gives it that extra push.