Bitcoin stays over $92,000 thanks to money coming in from ETFs and optimism that the Fed would lower interest rates.
The MACD and RSI show that Ethereum is about to become bullish, and it is already above the 50-day EMA.
XRP is under pressure as sellers try to break through the $2.00 support level, even if ETF inflows are minimal.
At the time of writing on Wednesday, Bitcoin (BTC) is trading over $92,000. Traders are getting ready for turbulence ahead of the US Federal Reserve's (Fed) announcement, which is largely anticipated to lower interest rates. BTC rose to $94,588 after a rise from the day before, but macroeconomic uncertainties kept it from going higher, causing a little pullback.
Ethereum (ETH) is still mostly steady at $3,300, thanks to new money coming into spot Exchange Traded Funds (ETFs). Ripple (XRP), on the other hand, is slowly moving down below its short-term support level of $2.00, even if ETF inflows are steady but modest.
Later on Wednesday, the Federal Reserve (Fed) is anticipated to make an announcement on its monetary policy. The FedWatch Tool says that the chances of a 25-basis-point drop happening are 87.6%, and the markets have nearly completely priced it in.
The benchmark interest rate will drop to between 3.50% and 3.75% if the Federal Open Market Committee (FOMC) goes through with the decrease. But the most important things are the post-meeting statement and the press conference with Fed Chair Jerome Powell. Here, investors will look for signs of where the central bank's monetary policy is headed, particularly in the first quarter of 2026. This view will help influence people's feelings, whether they are positive or negative, throughout the following several weeks.
Bitcoin saw a jump in inflows into US-listed spot ETFs, with about $152 million coming in on Tuesday. BlackRock's IBIT was the best-performing ETF, bringing in about $199 million. Grayscale's BTC came in second with $34 million, while Grayscale's GBTC came in third with almost $17 million.
Ethereum ETFs saw more money come in for the second day in a row, with about $178 million deposited on Tuesday. Fidelity's FETH ETF came in first with almost $51 million, while Grayscale's ETH came in second with $45 million.
XRP spot ETFs, on the other hand, had inflows for the 17th day in a row, with approximately $9 million coming in on Tuesday. The total amount of money that has come in is $944 million, and the net assets are $945 million. A break over $1 billion might show that institutions are interested in XRP ETFs.
Today's chart: Bitcoin stays above short-term support levels.
As of this writing on Wednesday, Bitcoin is trading over $92,000, thanks to a Moving Average Convergence Divergence (MACD) signal on the daily chart that is moving higher.
The MACD histogram bars are going up above the mean line, which indicates that bullish momentum is constant.
The Relative Strength Index (RSI), on the other hand, stays around the middle of the chart, which indicates that momentum is slowing down. If this level is rejected, bearish pressure may rise, making it more likely that the trend would drop below $90,000.
Bitcoin is still below the 50-day Exponential Moving Average (EMA) at $96,830, the 100-day EMA at $102,174, and the 200-day EMA at $103,714. These levels support the overall negative view.
If the price breaks above the 50-day EMA, it would likely strengthen the positive picture, and buyers will aim for the second recovery phase over $100,000.
At the time of writing on Wednesday, Ethereum was just over the 50-day EMA at $3,316. The RSI on the daily chart has gone over the 50 midline, which makes it more likely that the price will go back toward the 100-day EMA around $3,513.
The MACD indicator on the same chart is nearly crossing above the mean line, and the green histogram bars are becoming bigger, which supports the short-term bullish perspective.
The 200-day EMA around $3,456 may still stop rebounds, however. A drop below the 50-day EMA at $3,316 might also send Ethereum toward the important $3,000 support level.
XRP is trading under pressure and below the 50-day EMA at $2.26, the 100-day EMA at $2.42, and the 200-day EMA at $2.47. This makes the short-term picture even more gloomy.
The RSI is still in the negative zone, at 44, and is trending down, which means that bullish momentum is slowing down. The short-term goal is to hold around $2.00, but if selling pressure rises, XRP may drop further more to the band support at $1.98-$1.82. Buyers should push the price above the 50-day EMA at $2.26 to change the trend from downward to upward near the falling trendline.
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