XRP prices experienced a small drop of 0.32% during the previous trading day, continuing its losing streak. The current trading day started off bearish, with the price falling below two major supports at $0.4596 and $0.4545. However, the price saw a slight increase and reached just above $0.46 before failing to break the first major resistance at $0.4681.

The ongoing Ripple v. SEC lawsuit has had a significant impact on XRP prices, with no major updates from the recent trial. Meanwhile, the Federal Reserve's decision to raise interest rates by 25 basis points has led to a surge in the crypto market towards its pivotal resistance.

Furthermore, the Fed's decision to consider halting interest rates after almost 10 months of surging rates may be a bullish sign for XRP prices. In recent days, XRP prices have been accumulating gains, and investors will be keeping an eye on any further developments in the lawsuit and interest rates.