FOMC Meeting Tomorrow: Bitcoin, Ethereum, and XRP Price Prediction

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The cryptocurrency market is entering a tense moment as investors turn their attention to the upcoming Federal Open Market Committee (FOMC) meeting scheduled for tomorrow. While economists widely expect the Federal Reserve to keep interest rates unchanged, traders across crypto and traditional markets are watching closely for signals from Fed Chair Jerome Powell about inflation and the future path of monetary policy.

Markets have become extremely sensitive to the Federal Reserve’s tone in recent months. If Powell suggests that interest rates could remain elevated for longer than expected, risk assets like Bitcoin and other cryptocurrencies could face renewed selling pressure.

Bitcoin Price Approaching a Key Resistance Zone

Bitcoin price today is pushing higher in the short term and trading near the $73,900 level. The move came after the BTC price broke above the major near resistance area, drawing the price toward a liquidity cluster just above $74,000.

Liquidity zones often attract price movement because markets tend to sweep those levels before reversing direction.

Bitcoin could briefly extend toward $74,200 to $74,400 if that liquidity pocket is cleared. However, the broader resistance range between $72,000 and $76,000 remains a major barrier.

If that breakout happens, the market could regain bullish momentum and potentially move toward the $90,000 to $100,000 region over time.

However, the bigger picture still shows mixed signals.

On the weekly chart, the SuperTrend indicator remains bearish, and a large bearish divergence is still visible. At the same time, the Relative Strength Index (RSI) is showing oversold conditions, something that often leads to short-term relief rallies.

This situation resembles the pattern seen in July 2022 when Bitcoin experienced a multi-week bounce before declining again. Because of this, some traders believe the current rally may simply be a temporary recovery rather than confirmation of a long-term market bottom.

If Bitcoin fails to break the resistance zone, several support levels could come into focus:

• $71,500 as short-term support
• $70,300 as local structural support
• $69,000 to $69,500 as a major support zone

In a deeper correction scenario, Bitcoin could even revisit the $55,000 region, which is considered a strong long-term support area.

Ethereum Price Testing a Critical Level

Ethereum is showing a similar price structure and is currently approaching resistance between $2,150 and $2,250. The $2,200 level has become a key pivot for traders. For Ethereum to push higher, Bitcoin will likely need to break above its own resistance first.

Ethereum’s technical signals have been improving. The asset is trading within an important volume range, which suggests increasing market activity. If ETH price manages to secure a strong close above roughly $2,400, it could potentially rally toward $3,300 in the coming weeks.

Still, the upcoming FOMC decision could influence whether that move happens immediately or after another pullback.

XRP Price Faces Strong Resistance

XRP price has recently broken above a descending trendline, signaling a potential shift in short-term momentum. However, the cryptocurrency is now approaching another resistance area between $1.45 and $1.47.

Additional resistance levels sit near $1.50 and $1.60. Despite the recent bounce, XRP’s broader structure remains somewhat weak after losing the major $1.8–$2.0 support zone earlier. That area has now turned into resistance.

If the XRP price continues to move lower, traders are watching a strong support zone between $0.75 and $0.80, where buyers could potentially step in.

For now, XRP appears to remain in a corrective phase while the market waits for stronger confirmation of a trend reversal.

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