Crypto Market Holds Steady Ahead of Fed Rate Decision

Crypto market participants are in risk-averse mode ahead of the Federal Reserve's interest rate decision. The Fed is widely expected to leave rates unchanged, but investors are pricing in a 30% chance of a 25-basis-point hike.

Bitcoin (BTC) and Ethereum (ETH) are holding above key support levels, while Ripple (XRP) is approaching the pivotal $1.10 resistance level. BTC trades above $64,000, but is struggling to sustain its rebound due to a dense band of moving averages.

Ethereum sits above the short-term $1,900 support, while XRP edges higher at $1.08. However, both tokens retain a bearish near-term tone as price holds below a stack of moving averages and active SuperTrend lines.