Top 3 Price Predictions: Bitcoin, Ethereum, Ripple

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP brace for volatility after Fed decision.

• Bitcoin price has been consolidating within $116,000–$120,000 over the past two weeks, indicating market indecision.
• Ethereum price finds support around its daily level of $3,730, signaling potential upside toward $4,000.
• Ripple's XRP holds above its key support at $2.99, suggesting a potential rebound on the horizon.

Bitcoin (BTC) has been trading in a range-bound scenario between $116,000 and $120,000 for the last two weeks, indicating indecision among traders. Ethereum (ETH) and Ripple (XRP) prices are holding above their key support levels, showing signs of rebound. Market participants await the outcome of the US Federal Reserve’s (Fed) interest rate decision on Wednesday, expected to drive volatility across these top three crypto assets.

Bitcoin trades in a range-bound pattern between $116,000–$120,000 range

Bitcoin price has been consolidating in the $116,000 to $120,000 range for the past two weeks, following a new all-time high of $123,218 reached on July 14. At the time of writing on Wednesday, BTC trades at around $118,000.

If BTC falls below $116,000 on a daily basis, it could extend the decline to retest the 50-day Exponential Moving Average (EMA) at $112,735.

The Relative Strength Index (RSI) indicator reads 58 on the daily chart, which is above its neutral level of 50 but points downward, indicating fading bullish momentum. Moreover, the Moving Average Convergence Divergence (MACD) indicator showed a bearish crossover last week, giving a sell signal. The rising red histogram bar below the neutral value also suggests a bearish momentum and a downward trend.