- BOJ rate hike expectations put XRP traders on alert for potential volatility.
- XRP gains 3.54% while RSI and MACD indicators show improving momentum.
- XRP targets $1.30–$1.40, with $1.15–$1.10 remaining key support zones.
XRP entered the week under close attention as global investors prepared for the Bank of Japan’s interest rate announcement scheduled for June 16. Expectations of a rate increase from 0.75% to 1% have drawn attention across financial markets, particularly because previous Japanese rate hikes coincided with periods of heightened volatility in equities, cryptocurrencies, and other risk-sensitive assets.
According to sources, 49 of 51 surveyed economists anticipate that the Bank of Japan will raise its benchmark interest rate to 1%, the first time since 1995. The move would continue Japan’s departure from decades of ultra-low borrowing costs that supported one of the largest carry trade environments in global finance.
Previous rate increases have coincided with market declines. In March 2024, the Bank of Japan raised rates from 0% to 0.1%, followed by a 3.79% decline in the S&P 500 over the following month. A larger increase in July 2024 contributed to heightened volatility as the yen strengthened against the U.S. dollar and major equity indexes recorded big losses.
Additional rate hikes in January and December 2025 also occurred alongside broader market corrections driven by multiple economic and geopolitical developments. While the causes differed in each case, the Bank of Japan’s policy decisions were followed by periods of increased volatility across global financial markets.
XRP Holds Above Recent Support Levels
Despite the uncertainty, at the time of writing, XRP traded at $1.19, up 3.54% over the past 24 hours. The digital asset held a market capitalization of more than $73.5 billion, supported by daily trading volume exceeding $1.48 billion.
The Relative Strength Index (RSI) stood at 46.71 after recovering from levels below 30 during recent weakness. The RSI moving average measured 31.30, indicating that selling pressure has eased compared with previous sessions.
The Moving Average Convergence Divergence (MACD) indicator also displayed upward conditions. The MACD line registered -0.0499, while the signal line stood at -0.0583, indicating a bullish crossover.
Meanwhile, the MACD histogram turned positive at 0.0084 after an extended negative period, signaling that bearish momentum had weakened.
If momentum continues to rise, XRP could move toward the $1.30 to $1.40 range. However, if broader market volatility increases following the Bank of Japan decision, support levels between $1.15 and $1.10 may remain key areas for traders to monitor.
Related: XRP Rebounds to $1.18 as Upbit Dominance Hits Two-Year High
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