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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 20 September

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 20 September
FXStreet TeamFXStreet TeamFXStreet

US Federal Reserve keeps interest rates unchanged, Bitcoin price floats above $27,000

Earlier this year, Federal Reserve Chair Jerome Powell stated that the country would likely only see two more rate hikes until the end of 2023. The last meeting of the Federal Open Market Committee (FOMC) led to the first of the two interest rate increases. While this time around, the interest rate is not expected to see much difference, the same cannot be said about the next meeting.
BTC/USD 1-day chart
Bitcoin (BTC) price remains bullish ahead of the US Federal Open Market Committee (FOMC) meeting later today. With investors watching the clock, the next directional bias will depend on what the meeting yields. The Fed interest rate decision could inspire volatility for the king of crypto, considering macroeconomic factors have influenced BTC prices across the year. 
XRP price has been holding strong for the past few days despite the token being removed from NYDFS' approved tokens list.
XRP/USD 1-day chart
 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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XRP steadies as long-term buy signals face fresh resistance

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Ripple hovers around $1.50 on Tuesday, near the apex of a triangle pattern, suggesting an imminent breakout move. Cardano is up 3%, extending gains for the third consecutive day as bullish momentum persists. Solana edges lower for the second consecutive day.

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