Crypto market dynamics: Why are Ethereum, Ripple and Solana prices rising today

Ethereum, Ripple and Solana Prices Rise: Markets Digest Fed's Latest Statement and Weak Employment Data

Today, Ethereum, Ripple (XRP) and Solana prices all rose. Traders are carefully digesting the Fed's latest comments and weak U.S. employment data. Currently, each token is at a key technical position that will determine the next market move. Bitcoin, Ethereum and Ripple have all recorded weekly gains. Now, traders are focused on Friday's non-farm payrolls report, looking forward to looking for signals of the next big move.

Behind the scenes, two other things are shaping market sentiment. One is the Federal Reserve's interest rate decision; the other is the Senate vote on crypto-asset regulatory rules.

Why did cryptocurrency prices rise today?

Federal Reserve Governor Christopher Waller said on Thursday that if inflation continues to cool, he may support keeping interest rates unchanged at the next meeting. The comments boosted market confidence in Bitcoin and other risky assets.

This statement follows weak employment data. Initial jobless claims were 206,000, slightly higher than expectations;ADP private sector employment data showed only 38,000 new jobs, far below the expected 47,000. Typically, a weak labor market raises hopes for interest rates, and lower interest rates often push funds into riskier assets such as Bitcoin.

However, not all indicators point to a slowdown. The ISM Services Index was 55.4, higher than the forecast of 54.3. This means that the economy in the services sector is still growing despite the cooling of recruitment activity.

What is the probability that the Federal Reserve will cut interest rates in September?

According to data from CME Group's FedWatch tool, the market currently believes that the probability of the Fed leaving interest rates unchanged at its September 16, 2026 meeting is close to 50%. This probability is up from about 40% the previous day.

Meeting Date No Interest Rate Increase Probability of Interest Rate Increase September 16, 2026 49.6% 50.4% Friday's employment report will be the next major test. If the data is weak, it may add fuel to the current rebound momentum.

There are also political factors. The Senate has scheduled a procedural vote on the CLARITY Act on September 15. The bill aims to create clearer rules for digital assets. Since the vote was held just one day before the Fed's decision, mid-September may usher in intensive price volatility.

Solana Price Trend Prediction: Can SOL hit US$150?

Solana traded close to $100 after breaking through a long-term downtrend channel. This trend is often seen as an early sign of a trend reversal. Recently, SOL has formed a short-term down-flag shape or wedge shape on the daily chart. If the $98-$100 range holds as support, this pattern could lead to a continuation of the bullish trend.

Cryptocurrency analyst Ali Martinez pointed out that Solana's market structure is turning bullish. He believes traders who remain on the sidelines may miss out on early entry opportunities before the next rally. Martinez has proposed a long-term price target of $150, but it depends on whether Solana can clear nearby resistance and stabilize its breakthrough point. This is just the analyst's personal opinion, not a promise.

Solana's key price level this week

• A breakthrough of $104 to $105 could open the door to $110 to $112.
• Since then, resistance is around $118 to $120.
• If volume strongly exceeds US$120, the final target may point to US$135 to US$140.
• If it falls below US$98, SOL could fall to US$94 to US$95, or even US$90.

Solana showed strong intrinsic momentum at the beginning of the month: app revenue hit a record high, testnet upgrades have been launched, and charts show clear technological breakthroughs. However, recent outflows of ETF funds and tight resistance bands around $104 to $105 mean SOL still has work to do. Unless SOL clears the area first, analysts 'proposed $150 target will remain out of reach. Traders may be watching closely this week whether the $100 support level can be maintained.

Ripple price trend forecast: Is the target of US$2 this month realistic?

Ripple broke through daily resistance and is currently showing a bullish breakthrough structure. Prices recovered the key moving average area and remained above the breakthrough area. The chart's shape is similar to that of a bull flag, which was a period of calm consolidation after XRP surged from around $1.00 to the $1.55 region.

XRP is currently trading at between US$1.44 and US$1.45. Recent technical analysis points out that US$1.35 to US$1.40 is a support area that needs to be closely watched. If XRP can stay above $1.43 to $1.45 and break past $1.55 amid strong volume, the next target will be $1.70, followed by $1.90, with a long-term measurement target of around $2.17 to $2.19. If XRP's daily close below $1.35, the bullish argument will weaken.

Analyst Ali also pointed to another accumulation area between $1.31 and $1.38, where more than 4.8 billion XRP tokens changed hands. He said that a $1.38 closing on the hourly chart could confirm a breakthrough in the bull flag, making the $2 target possible again. These levels are not fixed. XRP needs to break cleanly and stand firm on its previous downtrend channel, rather than just a brief penetration of the upper shadow line, for the bullish argument to be truly confirmed.

Can XRP prices reach US$2 this month?

Reaching $2 is possible, but far from certain. This may require a clean break above $1.43 amid strong trading volume and supportive news from Friday's jobs report, the Federal Reserve meeting or the CLARITY Act vote. If XRP loses its support area of $1.33 to $1.35, the likelihood of a decline to $1.27 will increase. Traders following XRP price movements this month should pay close attention to Friday's non-farm data, the Senate vote on September 15, and the Federal Reserve's resolution on September 16, as any of them could change the direction of XRP.

Ethereum Price Trend Prediction: The Next Stop is US$3,000?

ETH formed a bullish flag on the daily chart after breaking through from the US$1,850 to US$1,900 region. Prices are currently consolidating around $2,500 to $2,550, with the rising 20-cycle exponential moving average (EMA) around $2,350 serving as dynamic support. A daily close of $2,550 could open the door to the next round of gains, with the target pointing to $2,800 to $3,000. The measured movement in the flag-shaped form points to an extended target of approximately $3,150 to $3,250.

If ETH loses the support area of US$2,350 to US$2,400, the bullish setting will weaken and the possibility of a deeper correction will increase. Overall, the forecast for Ethereum price trend at this stage tends to exceed US$3,000, but only if the US$2,550 level must be resolutely recovered.

Summary

ETH, XRP and SOL all traded near important technical positions this week. Every currency has reasons to be bullish, but it also needs key support levels to be maintained. The next few days will be filled with planned catalysts. Friday's jobs report, the September 15 CLARITY Act vote, and the September 16 Fed resolution could all quickly push prices in either direction. The crypto market is changing rapidly, and support levels are not always as indestructible as the chart pattern suggests.

Disclaimer : This article is for reference only and does not constitute financial, investment or trading advice. Past performance and technical chart patterns do not guarantee future results. Before making any investment decisions, be sure to research it yourself.