Crypto prices are showing slight gains today, March 13, as recent data showed that US inflation is continuing to cool. This has raised hopes that the Federal Reserve could adopt a dovish monetary policy, which may drive demand for risk assets like crypto.

However, despite this drop, inflation remains above the Fed’s target rate of 2%. Moreover, President Trump’s tariff hikes and fears of a US recession happening this year have not done much to raise investor confidence.

Economists told Reuters that despite the cooling inflation, the Fed had the uphill task of balancing this data with the risks from tariffs.

Data from the CME FedWatch Tool also shows that 97% of investors anticipate that the Fed will leave rates unchanged at between 4.25% and 4.5% at next week’s FOMC meeting.

Nevertheless, other analysts remain hopeful that the Fed should trim rates. According to Anthony Pompliano, the real inflation rate is lower than 2.8% and the Fed should ease the monetary policy to stimulate spending, considering the risks of a US recession in 2025.

As the fears of inflation subside, how will it affect the price of top crypto coins like Ethereum, XRP, and Dogecoin? Let’s explore.

Ethereum Price Today Remains Bearish Despite Bitcoin’s Gains

Ethereum price today is still showing bearish trends despite Bitcoin’s strong performance. At press time, ETH trades at $1,873, having dropped by 1.8% over the past 24 hours.

CryptoQuant CEO Ki Young Ju has noted that the price of ETH has plunged massively on active selling over the past 3 months, with the NetTakerVolume Chart showing massive outflows.

Such intense selling leads to seller exhaustion, which may precede a major ETH price rebound. The RSI on the Ethereum daily price chart stands at 31, indicating that the crypto coin is currently oversold.

If this marked a local bottom for ETH, the price first needs to retake the $2,000 psychological level, with the next resistance zones lying at $2,150 and $2,400.

Dogecoin Price Shows Signs Of Recovery As Active Addresses Surge

Dogecoin is also showing signs of a recovery today as crypto prices move up. The largest meme coin could be on the verge of an upswing after a surge in the number of active addresses.

Popular analyst Ali Charts noted that the active address count on the Dogecoin network had increased by 47% over the past month from 110,000 to 163,000.

This increase is bullish for Dogecoin price today after DOGE bounced from support. It suggests that there is greater participation from traders, which may help drive an upward price trend.

XRP Price Could Be Raring For A Rally As Bullish Signals Align

XRP price today has made a rebound and could also be on the verge of a major price rally due to several bullish catalysts.

As Coingape reported, Ripple obtained a DFSA license to operate in Dubai. Dubai is one of the biggest crypto hubs and Ripple’s entry will help boost adoption and possibly drive an XRP price rally.

At the same time, the SEC vs. Ripple lawsuit is on the verge of a settlement, which is also good for Ripple price. As crypto prices show signs of a rebound today, XRP is well-positioned for an uptrend.