Cryptocurrencies price prediction: Bitcoin & Ripple – European Wrap – 24 January
|Bitcoin Price Prediction: BTC/USD bulls scatter into hibernation, price dips below $8,300 – Confluence Detector
Following a few days of dancing in a tight range mainly between $8,600 and $8,700, Bitcoin dived under $8,300. The losses stopped at $8,269 before reversing briefly above $8,300. At the time of writing, Bitcoin is trading at $8,309 and features a bullish trend with shrinking volatility according to the cryptocurrencies live rates table.
Ripple's CEO sees an era of IPO in cryptocurrency industry
Ripple's XRP, the third-largest digital asset with the current market value of $9.4 billion has lost over 5% in recent 24 hours and hit the low of $0.2136 on Friday. XRP/USD is moving within a clear bearish trend amid expanding volatility.
XRP/USD is trading at $0.2158 with the nearest support created by a psychological $0.2100. This area is reinforced by SMA50 daily. Once it is taken out, the sell-off may be extended towards$0.2000 and an ultimate bearish goal created by the lower line of the daily Bollinger Band at $0.1960.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.