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May 7, 2025

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XRP price continues to consolidate for more than three consecutive months. This range tightening has reeled in investors betting on a breakout direction. As a result, nearly $60 million worth of long positions will be wiped if price moves just 4%. With the Fed meeting scheduled for 2 pm ET today, investors can count of increased volatility. 

Liquidation Risk Amplifies for XRP Traders

XRP price prediction remains flat as the token is stuck in a range, extending from $2.06 to $2.60. Typically, range-bound movement attracts more capital from investors attempting to catch a breakout trade. The same is the case for Ripple’s XRP, as confirmed by data from Coinglass. Nearly $60 million worth of bulls will face liquidation if XRP price drops just 4% and sweeps $2.063.

XRP Liquidation Map

Will XRP drop lower or climb higher ahead of the key fed meeting? 

What to Expect From Fed Meeting Today

The market consensus is that the Federal Reserve Chariman Jerome Powel and its members will keep the target rate unchanged, in the 4.250% to 4.50% range. This outcome is already priced in. Despite this, there will be volatility that could cause short-term pain on both sides as noted above.

All eyes are on the Federal Open Market Committee (FOMC), where any change in Powel’s tone or guidance for the future could impact XRP, which is a risk-on asset like the stock or the crypto markets.

If the Fed hints at easing or rate cuts, it could cause Bitcoin price rally that could help alleviate the bearish pressure on altcoins, including XRP. Let’s explore XRP price prediction and key levels to watch using technical analysis. 

XRP Price Prediction & Analysis Ahead of Fed Meeting

XRP price has traded within the $2.06 to $2.60 for three months, and about 70% of the volume was traded in this range. Interestingly, the liquidation risk for long positions is at the range low of the aforementioned value area.

The outlook for altcoins remains bullish, with $2.41 as the first key hurdle, also known as High Volume Node (HVN). Beyond this, XRP price needs to overcome the range high at $2.60 to reach the next HVN at $3.11. 

XRP/USDT 1-day chart

On the other hand, weakness in Bitcoin (BTC) due to the Fed meeting could invalidate the above bullish outlook. A breakdown of $2.06 could catalyze a selling spree from long positions. In that case, the Low Volume Node (LVN), XRP price could slide swiftly from $1.87 to $1.56.

The post XRP Price Prediction: 4% Move Risk $60M Liquidation Ahead of Fed Meeting appeared first on CoinGape.

Amazon’s Zoox issued a software recall for 270 of its robotaxis after a crash in Las Vegas last month, the company said Tuesday.

The recall surrounds a defect with the vehicle’s automated driving system that could cause it to inaccurately predict the movement of another car, increasing “the risk of a crash,” according to a report submitted to the National Highway Traffic Safety Administration.

Zoox submitted the recall after an April 8 incident in Las Vegas where an unoccupied Zoox robotaxi collided with a passenger vehicle, the NHTSA report states. There were no injuries in the crash and only minor damage occurred to both vehicles.

“After analysis and rigorous testing, Zoox identified the root cause,” the company said in a blog post. “We issued a software update that was implemented across all Zoox vehicles. All Zoox vehicles on the road today, including our purpose-built robotaxi and test fleet, have the updated software.”

Zoox paused all driverless vehicle operations while it reviewed the incident. It’s since resumed operations after rolling out the software update.

Amazon acquired Zoox in 2020 for over $1 billion, announcing at the time that the deal would help bring the self-driving technology company’s “vision for autonomous ride-hailing to reality.” However, Amazon has fallen far behind Alphabet’s Waymo, which has robotaxi services operating in multiple U.S. markets. Tesla has also announced plans to launch a robotaxi offering in Austin in June, though the company has missed many prior target dates for releasing its technology.

Zoox has been testing its robotaxis in Las Vegas, Nevada, and Foster City, California. Last month, Zoox began testing a small fleet of retrofitted vehicles in Los Angeles.

Last month, NHTSA closed a probe into two crashes involving Toyota Highlanders equipped with Zoox’s autonomous vehicle technology. The agency opened the probe last May after the vehicles braked suddenly and were rear-ended by motorcyclists, which led to minor injuries.

This post appeared first on NBC NEWS