Bitcoin Price and Ethereum Struggle After Fed Decision, XRP Consolidates

cryptonews.com:

Bitcoin price struggled to clear the $19,500 resistance. BTC is currently (03:10 UTC) trading below $19,000. The fed rate hike to 3.25% increased selling pressure and now there is a risk of a move below the $18,000 level.

Similarly, most major altcoins are moving lower. ETH gained bearish momentum and even spiked below the $1,250 level. XRP is now consolidating gains above the $0.40 level. ADA is moving lower towards the $0.432 level.

After struggling to clear the $19,500 resistance, bitcoin price reacted to the downside. BTC declined sharply below the $19,250 level and the 50-hour simple moving average. The price even spiked below the $18,380 support zone and tested the $18,150 zone. It is now correcting higher, with an immediate resistance at $18,780. The next major resistance is near $19,000 and the 50-hour simple moving average, above which the price might rise to $19,500.

On the downside, an initial support is near the $18,380 level. The next major support is near the $18,150 zone, below which the price could move to $17,800.

Ethereum price started a strong decline from the $1,410 resistance zone. ETH declined over 5% and traded below the $1,300 level. There was a move below a connecting bullish trend line at $1,330 on the hourly chart and the price settled below the 50-hour simple moving average. It tested the $1,220 zone and is currently correcting higher. On the upside, the price is facing resistance near the $1,315 level. The next major resistance is now forming near the $1,345 and $1,350 levels.

On the downside, an initial support is near the $1,240 level. The next major support is $1,220, below which price could test $1,165.

Cardano (ADA) is slowly moving lower below the $0.45 level. The first major support is near