A brief technical and on-chain analysis on XRP price. FXStreet's analysts evaluate why Ripple remains in a bull market. Please, subscribe to our YouTube channel and follow us on Twitter @FXScrypto.
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FXStreet Team
FXStreet
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Hyperliquid is trading above $28.00 at the time of writing on Wednesday, after rebounding from support at $27.50. The broader cryptocurrency market is characterised by widespread intraday losses ahead of the Fed monetary policy decision.
Ripple is grinding lower, trading at $2.06 at the time of writing on Wednesday, reflecting risk-off sentiment across the cryptocurrency market ahead of the Fed monetary policy decision.
Bitcoin holds above $92,000, supported by ETF inflows and hopes of a potential Fed interest rate cut. Ethereum rises above the 50-day EMA as the MACD and RSI signal a bullish turnaround. XRP trades under pressure as sellers target $2.00 support despite mild ETF inflows.
Bitcoin price approaches key resistance at $94,253, a breakout above this level could trigger further upside momentum. BTC may see heightened volatility as the Fed is set to announce its monetary policy decision and forward guidance.
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Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.