🚀 Crypto Today: BTC, ETH, and XRP Gear Up for Next Breakout
•Bitcoin (BTC) climbs back above $117K after the Fed’s dovish rate cut outlook.
•Ethereum (ETH) steady near $4.6K, eyeing $5K despite ETF outflows.
•XRP bulls targeting a run toward its $3.66 ATH.
🏦 Macro Boost: Fed Rate Cuts Spark Risk-On Rally
The Fed’s 25 bps rate cut (new range 4.00%–4.25%) was widely expected, but the dot plot showing policymakers anticipate more cuts this year ignited strong bullish momentum.
Lower rates = more liquidity = higher appetite for risk assets like crypto. Traders now expect at least two more cuts before year-end.
📊 Bitcoin Outlook: $120K in Sight
BTC is holding firm above $117K, with momentum building:
RSI climbing back to 61 (from 37 late August) = bullish strength returning.
Key upside target: $120K breakout → eyeing the ATH at $124,474.
Support levels: 50D EMA $113.8K and 100D EMA $111.6K if profit-taking kicks in.
🌐 Altcoins Watch: ETH & XRP Heating Up
Ethereum (ETH)
Testing descending trendline resistance after topping $4,956 in August.
Support levels: 50D EMA $4,229, 100D EMA $3,786, 200D EMA $3,327.
RSI at 57, signaling room for further upside.
Breakout above $4,800–$4,956 zone could launch ETH past $5K.
⚠️ Note: Spot ETFs saw $1.89M in outflows, a headwind for near-term momentum.
Strong above $3.00, backed by 50 EMA at $2.95.
RSI improving to 58.
Next hurdle: $3.18 → if cleared, bulls can push to $3.50 and possibly retest ATH at $3.66.
🔑 Takeaway
♤Fed’s dovish stance is fueling risk-on sentiment across crypto.
♤BTC aiming for $120K breakout.
♤ETH preparing for a $5K test.
♤XRP regaining momentum toward its ATH zone.
♤Markets are lining up for an explosive Q4 — stay sharp.
👉 Do you think BTC breaks $120K before ETH crosses $5K?
#Bitcoin #Ethereum #XRP #CryptoMarkets #BinanceSquare
