# Bitcoin, Ethereum, and XRP Regain Momentum as Fed Minutes Loom
Bitcoin (BTC) - Rises beyond $113,000 on Wednesday after a 2.89%loss the day before. - After hitting $112,566, bulls aim to break above $114,000. - If market optimism is fueled by the Fed meeting minutes, Bitcoin may test the 50-day EMA at $114,911. - A drop below the monthly low of $111,920 could lead to a downturn towards the 100-day EMA at $110,498, and further to $107,245.
Ethereum (ETH) - Tests the bottom threshold of a rising channel after falling below $4,100. - Recovers almost 3% at press time, indicating a potential reversal. - A strong rebound could reach its all-time high of $4,868. - A drop below the support trendline near $4,000 could see it fall to $3,941.
**XRP** - Cracks a key support level, with sellers targeting $2.75. - Fell 6.56%on Tuesday but is up over 1% on Wednesday. - Bulls aim for the 50-day EMA around $2.93; if successful, it could target the 38.2% Fibonacci retracement level at $2.99. - Immediate support at $2.78, corresponding to the 50% Fibonacci retracement line.
Market Context; - These rebounds come ahead of the Fed's meeting minutes, which may significantly influence market sentiment.
