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If youโre watching the charts today, you probably feel it too โ the market is holding its breath. Ahead of the FED meeting, crypto has slowed down, volatility is tight, and everyone is waiting for one thing: Powellโs tone. Even without a rate change, his words can easily move $BTC and set the direction for the whole market.
To me, this feels less like fear and more like hesitation.
๐ป How the Major Coins Look Right Now Bitcoin ( $BTC ) BTC is trading near $89,200, stuck just below the $90K level. If you look at the structure, this sideways action shows uncertainty, not weakness. A clean break above $90K with volume could quickly bring buyers back, while losing $85K would clearly damage the short-term structure.
Ethereum ( $ETH ) ETH is holding near the $3,000 zone and looks relatively stable. You can see sellers struggling to push price lower, which tells me this is more about waiting for a trigger than active selling.
XRP ( $XRP ) XRP is consolidating around the $2 area after failing to push above $2.40. Buyers are active near the $1.70โ$1.90 demand zone, but momentum stays muted as traders avoid big bets before the FED decision.
๐ป What Iโm Watching Closely The focus isnโt really on rates anymore, but on guidance. Any hint from Powell about inflation or future cuts could flip sentiment fast and break these tight ranges.
๐ป Key Levels to Keep in Mind Bitcoin โข Key resistance: ~$90,000 โข Key support: ~$85,000
If BTC clears $90K, momentum could return quickly across majors. If not, this consolidation may drag on a bit longer. For now, patience matters โ the next real move likely starts with the FED.
Top Altcoins in Focus: $SOL , $XRP , and $ETH Together Rising Interest
Altcoins are gaining discussion as traders rotate capital beyond BTC. Solanaโs ecosystem has seen renewed growth and institutional bridge infrastructure, while XRP continues to show resilience and narrative strength at the start of the year. Ethereumโs dominance in DeFi and staking expansion also pulls focus. When markets start showing mixed leadership, thatโs often when breakout rotations occur across caps.
Could this be the early stages of diversification into real utility tokens?
Federal appeals court upholds judgment for Ripple in XRP class action
A class action lawsuit challenging Ripple Labsโ sale of $XRP tokens as unregistered securities will not proceed after the Ninth Circuit Court of Appeals this week upheld a lower courtโs dismissal of the case. The courtโs decision was first reported by Law360.
Filed in 2018, the lawsuit claims that Ripple Labs unlawfully sold $XRP tokens as unregistered securities. Lead plaintiff Bradley Sostack argued that Rippleโs sales activity, including a large distribution of tokens in 2017, breached the Securities Act of 1933.
The case was dismissed in June 2024 when Judge Phyllis Hamilton found the claims untimely under federal law. The court said that $XRP was first offered to the public in 2013, triggering a three-year deadline that expired well before Sostack filed his suit.
The court also found that the 2017 $XRP release did not constitute a separate offering, so it did not extend the time limit for filing.
Sostack filed the notice of appeal in January 2025, seeking to overturn the district courtโs summary judgment dismissal of class claims.
On appeal, the Ninth Circuit affirmed the lower courtโs dismissal, agreeing that no material facts existed to challenge the statute of repose. The court rejected arguments that the later $XRP distribution created a new offering or that the โeconomic realityโ of $XRP should change the timeline.
As a result, Sostackโs federal securities claims are time-barred, and Rippleโs early legal win is fully affirmed
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