Cryptocurrencies Price Prediction: Bitcoin, XRP & Ethereum – Asian Wrap 29 July
The broader cryptocurrency market maintains risk-off sentiment ahead of the US Federal Reserve (Fed) interest rate decision on Wednesday. Bitcoin (BTC) holds above $63,000 on Wednesday, while Bittensor (TAO) and Cardano (ADA) sustain gains from the previous day.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Wednesday after a mild correction earlier this week. BTC slips below a key support zone, and ETH is testing a key resistance zone. Meanwhile, XRP is drifting toward the psychologically important $1.00 support level. The technical indicators of the top three cryptocurrencies suggest that sellers are gaining control, raising the risk of further downside.
Ethereum (ETH) is hovering near $1,900 on Tuesday as on-chain data suggests recent recovery sentiment has calmed ahead of the Federal Open Market Committee (FOMC) decision on interest rates.
