Bitcoin , Ethereum And Xrp Price Prediction Ahead Of Powell Speech Today -23Rd Sep

What Happened

With U.S. stock indices at record highs and the Federal Reserve’s recent shift toward easing, investors are keen to hear fresh insights into inflation, employment, and future monetary policy.

Before Powell takes the stage, investors will monitor U.S. economic data, including Manufacturing PMI and Services PMI readings. Forecasts indicate a slight cooling compared to previous months, which would potentially signal softer economic momentum.

Market Context

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The financial markets are bracing their seats with tighter grip for heightened volatility as traders await the Powell speech today at the Greater Providence Chamber of Commerce.

Cryptocurrencies have already shown very slight signs of recovery, with BTC price today, ETH price USD, and the XRP price chart ticking minutely higher in early trading, suggesting the market is positioning for significant moves.

The schedule is 12:35 PM ET. The much-anticipated Powell speech today that could clarify whether last week’s rate cut marks the start of a gradual easing cycle or simply a cautious step in risk management. Traders across risk markets, especially crypto, are preparing for sharp intraday swings based on his tone.

BTC Price Prediction Today

The BTC price today sits near $113,060, showing modest gains of 0.30%. Market structure suggests a potential inverted head and shoulders pattern forming.

However, if Powell delivers a cautious or hawkish message, selling pressure could drag the BTC price prediction today back toward the $110,000 to $107,000 support zone.

Should the remarks remain neutral, consolidation is likely until the next market catalyst emerges.

ETH Price Forecast Today

On the flip side, a negative reaction could pull ETH price USD down toward $3,852. In a neutral outcome, the ETH price forecast today suggests continued sideways movement, waiting for clearer signals.

Among major altcoins, XRP price chart is showing stronger pre-event momentum, up 1.90% at $2.87. Price action reflects a rebound from the lower border of a descending triangle pattern.

Conversely, a bearish tone from the Powell speech today could trigger a breakdown in support, pulling XRP toward $2.75 and potentially as low as $2.40. If the news remains neutral, XRP price may continue consolidating until another catalyst emerges.

Why It Matters

A bullish outcome from the Powell speech today could lift Bitcoin toward $118,000 intraday, with ambitious upside extend could close its current gap to $124,000, which is near its all-time high.

Ethereum has recovered 0.50% to trade at $4,208. Historically, ETH has shown stronger percentage moves following Fed events. If sentiment improves after the Powell speech today, a 20% rally could retest the August highs near $4,957, with ambitious momentum potentially pushing above the $5,000 mark.

If optimism builds around Powell’s remarks, intraday gains of 8.5% could take XRP to $3.10, while ambitious moves might push it toward $3.40 with a breakout.

Details

Key Economic Events in Focus

The combination of these reports and Powell’s commentary on policy will set the tone not just for equities and bonds but also for crypto assets.

XRP Crypto Targets Today