XRP, Hyperliquid (HYPE) and Ethena (ENA) are testing pivotal price levels as the U.S. Federal Reserve prepares for its upcoming FOMC meeting. The Federal Open Market Committee, the central bank's rate-setting body, is a recurring focal point for digital asset traders, as its interest rate decisions influence liquidity conditions across risk assets. Analyst Ali Charts outlined on X the support and resistance levels that could shape each asset's next move. In parallel, the TOTAL3 market capitalization has recovered to $771.54 billion, although the broader altcoin market remains below recent highs.

XRP: Inverse Head-and-Shoulders Formation

According to Ali Charts, XRP is rebounding while holding $1.25 as its main support. The daily chart shows a potential inverse head-and-shoulders pattern — a formation traditionally viewed by chartists as a bullish reversal signal — with the right shoulder forming near that level. If support holds, XRP could advance toward $1.55, the pattern's neckline resistance. A daily close above $1.55 would open the way toward $2.10, while a breakdown of support could expose $0.98.

HYPE: Long-Standing Trendline in Focus

Hyperliquid has rebounded from approximately $74, an area aligned with a rising trendline that has supported the price since late January. HYPE is the native token of Hyperliquid, a decentralized exchange specializing in perpetual futures. Previous touches of that trendline preceded rallies of 87% in late January and 72% in early August. Ali Charts identified $110 as the potential upside target if the $74 level holds. A breakdown, however, could bring $67 and $60 into focus.

ENA: Testing Descending Channel Resistance

Ethena, the issuer of the USDe synthetic dollar protocol, has gained approximately 18% over several days and is now testing the upper boundary of a descending channel. Per Ali Charts, a four-hour close above $0.22 could expose $0.24 and then $0.27. Failure to clear that resistance could instead send ENA toward the channel's midpoint near $0.18.

TOTAL3 Recovers as Momentum Indicators Improve

The TOTAL3 market capitalization, which excludes Bitcoin and Ethereum and is widely used as a proxy for altcoin performance, stands at $771.54 billion, having fallen $1.79 billion, or 0.23%, over the latest four-hour candle.

After reaching approximately $850 billion in late September and early October, TOTAL3 declined below $820 billion around October 7. A rebound toward $797 billion on October 21 failed, followed by a drop toward $760 billion around October 24.

Momentum readings, however, have strengthened. The RSI has risen to 54.55, above its moving average of 48.51, with readings above 50 conventionally associated with firmer momentum. The MACD line stands at $230.45 million, above the signal line at negative $1.13 billion, while the histogram remains positive at $1.36 billion.

Resistance Levels Define the Next Market Test

TOTAL3 faces resistance between $780 billion and $800 billion, with $820 billion as the next objective in the event of a breakout. Support stands near $760 billion, followed by $750 billion.

Ahead of the Federal Reserve meeting, Ali Charts said XRP and HYPE must defend their support levels, while ENA needs to break above resistance. With the FOMC decision on the calendar, these technical thresholds offer reference points for gauging how each asset behaves once the policy outcome is known.