Mainstream Crypto Assets Price Prediction: BTC, ETH, and XRP face the U.S. Intrerest Rate range-bound battle, long positions trapped in a range-bound stalemate.

The crypto assets world is holding its breath, waiting for the Federal Reserve (FED) FOMC to release a new interest rate decision later tonight (30th). Bitcoin (BTC) continues to fluctuate narrowly between $116,000 and $120,000, indicating that the market is at a standstill. The altcoins that have maintained their upward momentum are also facing challenges, as Ethereum (ETH) and Ripple (XRP) traders keep a close eye on macroeconomic trends.

BTC Price Analysis

Since reaching an all-time high of $123,218 on July 14, Bitcoin has been consolidating, with both bulls and bears lacking confidence. Currently, the BTC trading price is $118,000, and traders are closely watching key technical levels ahead of the Federal Reserve's interest rate decision to be announced this week.

If BTC falls below 116,000 USD, the downside may further expand to the 50-day moving average of 112,735 USD. In addition, the Relative Strength Index (RSI) is at 58, and the MACD indicator also shows that bullish momentum is weakening, intensifying bearish concerns.

The red histogram below the neutral line of the MACD confirms a bearish crossover, which is a typical warning signal for further declines.

However, a daily closing price above $120,000 may reignite bullish sentiment, paving the way for a retest of the high of $123,218.

(Source: Trading View)

ETH Price Analysis

ETH performed relatively strongly, rebounding from $3,500 on July 24 and reclaiming the intraday resistance level of $3,730. After setting an annual high of $3,940 on Monday, ETH has slightly retreated but remains above $3,730.

The RSI indicator is at a strong level of 75, deeply overbought, but still has room for further upward movement—possibly heading towards the psychological barrier of 4,000 dollars. However, the MACD indicator is beginning to show a bearish crossover, suggesting that this round of rebound may be nearing exhaustion.

If ETH breaks below $3,730, it may soon drop to $3,500.

(Source: Trading View)

XRP Price Analysis

The technical situation of XRP remains fragile. After July 23rd, XRP saw a significant drop of 11%, falling from $3.40 to $2.99, reaching a key 61.8% Fibonacci level. Although XRP has since rebounded slightly, hovering around $3.13, various indicators warn that XRP is in a precarious state.

The RSI is at 58, indicating that the market is at a neutral level, but the downward trend suggests that momentum is weakening.

The bearish crossover of the MACD and the continuously expanding red histogram also indicate that the downward trend may continue.

If XRP holds at $2.99, it could rebound to $3.40. However, if it breaks below, traders should prepare for a drop towards $2.72.