# Today's Crypto Market: Bitcoin, Ethereum, and XRP Rebound 🔥
The crypto market is seeing a rebound in major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) ahead of the Federal Reserve's meeting minutes release. Let's break down the current market situation:
*Bitcoin's Price Movement*
- BTC rose above $113,000 on Wednesday after a 2.89% loss the previous day
- Bulls aim to break above $114,000 and test the 50-day Exponential Moving Average (EMA) at $114,911
- A drop below the monthly low of $111,920 might continue the downturn to $110,498 or even $107,245
*Ethereum's Price Movement*
- ETH bounced over 3% off a rising channel pattern support trendline, suggesting a potential reversal
- An extended ETH rebound might reach its all-time high of $4,868
- A drop below the support trendline approaching $4,000 psychological support might fall to $3,941
*XRP's Price Movement*
- XRP fell 6.56% below a rising trendline, the 50-day EMA, and a Fibonacci retracement at $3.00 on Tuesday
- XRP is up over 1% on Wednesday, with bulls targeting the 50-day EMA around $2.93
- If XRP crosses this dynamic average line, it might target the 38.2% Fibonacci retracement level at $2.99
The market is eagerly awaiting the Fed meeting minutes, which could provide insights into potential interest rate changes and impact the crypto market. Stay tuned for further updates!
