The XRP price saw a surge toward the weekend as market sentiment swayed towards potential Fed rate cuts at the upcoming September meeting. Following Chair Jerome Powell’s dovish stance during the Jackson Hole symposium, XRP rose from $2.78 to reach a high of $3.10 on Friday. This surge was fueled by renewed optimism surrounding DeFi growth and increased institutional investments. 5-year litigation involving Ripple also received positive news with approval for the Joint Stipulation of Dismissal of Appeals. [Link to article]** Despite this rise, XRP entered its second day of drop since August 22nd. On Saturday, the price fell to $2.96 but rebounded, returning above $3. Bearish attempts were also observed on Sunday, with a brief drop to $2.99 before rebounding back to $3. Crypto analyst Ali predicts XRP is poised for further gains, targeting $3.60 as long as it stays above $3. The daily RSI momentum indicators suggest consolidation at the 50 mid-point. If the price drops, XRP might target support first at $2.96 before the $2.78 mark.