Ethereum and Bitcoin Prices Drop After Fed Decision, XRP Consolidates
- The Bitcoin price fell below €19,000 for a second time.
- The price of Ethereum dropped over 5% and traded below €1,250.
- XRP is consolidating gains above €0.40.
Bitcoin’s price struggled to break through the €19,500 barrier. Bitcoin is currently trading for less than €20,000. The Fed’s rate hike to 3.25% increased selling pressure, and a move below € 18,000 is now possible.
Similarly, the majority of major altcoins are falling in value. ETH gained bearish momentum and even dropped below €1,250. XRP is currently consolidating gains above €0.40.ADA is falling towards the €0.432 level.
After failing to break through the €19,500 barrier, the bitcoin price fell. BTC fell sharply below €19,250 and the 50-hour simple moving average. Price fell below the €18,380 support level and tested the €18,150 level. It is now correcting higher, with €18,780 acting as immediate resistance.
The next significant resistance is near €19,000 and the 50-hour simple moving average, which could push the price up to €19,500.
The Ethereum price began a sharp decline. From the €1,410 resistance zone, ETH fell more than 5% and was trading below the €1,300 mark. the price fell below a connecting bullish trend line at €1,330, and it settled below the 50-hour simple moving average. It tested the €1,220 area and is currently correcting higher. On the upside, the price faces resistance near the €1,315 mark. The next major resistance is now forming near the €1,345 and €1,350 levels.
ADA, SOL, and XRP price
Cardano (ADA) is slowly declining below the €0.45 level. The first significant support is near €0.432, and it may even test €0.42.
Solana (SOL) is gradually moving lower towards the €30.50 level. The next major asset is near the €30.20 and €30.00 levels, below which the bears might earn strength.
The price of XRP is consolidating gains above the €0.40 resistance level. The bulls may continue to push towards the €0.425 resistance zone if they remain active.
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