Fed Rate Decision Looms as Crypto Markets Hold Steady

Crypto markets are holding steady ahead of the Federal Reserve's interest rate decision on Wednesday.

Bitcoin (BTC) is trading above $64,000 but struggling to sustain its rebound as it holds below a dense band of moving averages. The token remains capped by the 50-day Exponential Moving Average (EMA) at $64,963 and the 100-day EMA at $67,593.

Ethereum (ETH), on the other hand, is sitting above the short-term $1,900 support but its upside momentum is lacklustre. The token operates below the medium and long-term 100-day and 200-day EMAs at about $1,933 and $2,169.

Ripple (XRP) is approaching the pivotal $1.10 resistance, a level that could shape the token's upward trajectory if it is breached.