XRP has recently weakened, dipping below its short-term daily moving average. Notably, this correction has been accompanied by a sharper-than-usual increase in trading volume, signaling that selling pressure is gradually building in the market. While Bitcoin is moving sideways without clear direction near the critical $63,500 level, it appears that the altcoin sector has begun proactive risk management.

This bearish shift is likely a manifestation of broad market caution ahead of this week's FOMC meeting rather than an XRP-specific issue. Investors appear to be reducing their exposure to risk assets before the macro event, leading to a technical breakout. However, it is too early to conclude that this marks the start of a full-blown downtrend. Once the FOMC results are announced and uncertainty clears, there is potential for a short squeeze or a strong rebound as dip-buying interest enters the market.

If XRP can recover and settle back above its resistance level with strong buying volume, this bearish interpretation will lose traction. For now, the priority is to watch whether Bitcoin can stably defend the $63,500 support level and confirm whether XRP stabilizes and builds a base at this level.