XRP Surges 2% as Bitcoin and Ethereum Trade Sideways

Bitcoin and Ethereum traded sideways around their respective prices of $78,498 and $2,484 as investors awaited key U.S. inflation data and the Federal Reserve's upcoming policy decision.

The price action is considered normal by traders, according to Benjamin Cowen, who notes that Bitcoin pullbacks around golden crosses are common.

However, some traders are expecting a more significant correction, with Daan Crypto Trades anticipating a short squeeze above $79,000.

XRP bucked the trend, gaining 2% as other cryptocurrencies traded flat.