Following inflation easing signals observed in the latest U.S. CPI and PPI reports, investors are now closely monitoring key developments that could influence the prices of Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) in the week ahead.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) in Recovery as US CPI and PPI triggers $99B Surge
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) experienced modest gains this week, as bullish catalysts counteracted concerns stemming from trade tensions between the U.S., Canada, and Mexico. The publication of favorable CPI and PPI data, indicating easing inflation, has bolstered investor confidence.
Total Crypto market Capitalization. March 15 | Source: TradingView
Following the latest US inflation reports, The global cryptocurrency market capitalization surged by $99.7 billion over the past week, reaching $2.71 trillion at press time on March 15.
This positive sentiment has led to increased capital inflows into the cryptocurrency market, contributing to the recent surge in market capitalization.
3 Market Catalysts to Watch in the Week Ahead
Several key developments are on the horizon that could significantly impact prices of top cryptocurrency assets like BTC, ETH and XRP in the coming week:
Bitcoin Price Forecast: BTC could advance towards $90,000 if Microstrategy Buys again
Bitcoin price forecast charts shows BTC trading at $84,312, up 0.39% on the day, as it attempts to reclaim key resistance levels amid speculation that MicroStrategy (now Strategy) may resume BTC acquisitions. The recent price action shows BTC attempting to break above the 50-day moving average, which has acted as dynamic resistance throughout the downtrend.
The Bollinger Bands are tightening, indicating decreasing volatility, which often precedes a breakout. BTC is currently trading near the lower band, suggesting limited downside risk, while the upper band at $93,302 marks the next key resistance.
Bitcoin price forecast | BTC
A successful breakout could open the path toward $90,000 and beyond, particularly if MicroStrategy’s anticipated purchases materialize.
However, the RSI remains below the 50 neutral level at 44.15, signalling weak bullish momentum. A failure to reclaim the 50-day moving average could see BTC retest support at $78,326. If macroeconomic conditions weaken or institutional demand slows, a further decline toward $75,000 remains in play.
Ripple (XRP) Price Forecast: Altcoin ETFs progress could spark $3 breakout
XRP price surged to $2.5 on Saturday, marking a 30% gain over the past four days, fueled by improving macroeconomic sentiment and renewed optimism surrounding SEC settlement talks. Reports suggest the SEC may consider categorizing XRP as a commodity, further boosting confidence among investors.
The current Ripple price dynamics remains bullish after reclaiming key technical levels. The recent rally was supported by strong volume inflows, reinforcing the sustainability of the uptrend. The Parabolic SAR dots flipping below price action signalled a trend reversal earlier this week, aligning with the “Buy” signals on the chart. Additionally, the 200-day moving average (blue line) continues to act as dynamic support, preventing deeper corrections.
Ripple (XRP) Price Forecast
On the oscillator front, the SAR Oscillator has shifted aggressively into the green zone, confirming increasing bullish momentum. The oscillator reading of 75.43 suggests XRP is nearing overbought conditions but has room for further upside. A continued breakout could drive price action toward the psychological $3 level, especially if ETF-related optimism persists. However, failure to consolidate above $2.50 may trigger short-term retracements toward $2.20, where buyers could re-enter the market. If broader crypto sentiment weakens, a retest of the 200-day moving average near $1.87 remains a possibility.
For now, XRP remains positioned for further gains, with ETF speculation and regulatory clarity acting as potential catalysts for an extended rally.
Fed Rate Pause Could Boost Ethereum Demand
Among the top crypto assets, Ethereum has struggled for traction in recent weeks, facing bearish headwinds from delayed network upgrades and controversy surrounding the Ethereum Foundation’s leadership shuffle. However, improvements in the broader macroeconomic landscape could trigger higher demand for ETH.
The Federal Reserve’s monetary policy stance has shifted dovish this week, despite controversy surrounding US trade war with Canada and Mexico. Following the US CPI and PPI reports, analyst Miles Deutscher, markets are now pricing in three rate cuts by the Federal Reserve for 2025.
Odds on Three US Fed Rate Cuts in 2025 | Source: Polymarket
Polymarket predictions data also supports this stance, with bettors currently pricing in leading odds of 23% chance of three rate cuts this year.
With the next Federal Open Market Committee (FOMC) meeting scheduled for March 19, traders are closely monitoring signals that could further validate expectations of monetary easing, the current Polymarket predictions data indicates that most crypto investors now anticipate a rate pause.
In this case, a more dovish Fed policy tends to increase liquidity in financial markets, which historically benefits risk assets like cryptocurrencies.
If confirmed, Ethereum could see increased institutional and retail demand, as lower interest rates typically drive capital inflows into ETH as well high-yield DeFi protocols hosted on the Ethereum smart contract network
ETH Price Forecast: Looming resistance as $2,330
Ethereum price forecast chart is showing signs of potential recovery, but resistance near $2,330 could cap its upside in the near term.
At press time on March 15, the daily chart reveals that ETH has been struggling to gain traction above the mid-range of the Donchian Channel, currently at $2,297, with the upper bound at $2,839. The ongoing downtrend suggests that a retest of the lower boundary at $1,754 remains a possibility if bullish momentum fails to strengthen.
Ethereum Price Forecast | ETH
The Relative Strength Index (RSI) at 35.57 indicates that ETH remains in oversold territory but has yet to confirm a strong reversal. Historically, RSI levels below 40 suggest bearish control, but a sustained move above 40 could shift momentum in favor of the bulls. Meanwhile, the MACD remains negative, with the MACD line at -7.25 and the signal line further declining, reinforcing the bearish outlook. However, a bullish crossover could provide an early signal of trend reversal.
If ETH clears the immediate resistance at $2,297, a push toward $2,330 could trigger further upside toward $2,839. However, failure to sustain gains above $2,000 may expose ETH to deeper corrections, with $1,754 acting as critical support in the event of renewed selling pressure.
The post BTC, ETH, XRP Price Prediction: 3 Things to Expect as US Inflation Data Triggers $99 Billion Demand in 7 Days appeared first on CoinGape.
