Cryptocurrencies Price Prediction: Cryptos, Ripple & Pi Network – American Wrap 29 July
|Weekly On-chain Update: Why Bitcoin risks sell-off to $112K before next rally
Bitcoin (BTC) price is extending its intraday decline below $118,000 on Tuesday, reflecting changing market dynamics. The decline follows several attempts by the bulls to close the gap to $120,000, following last week's sell-off to $114,728.
XRP price at risk of falling below $3.00 as futures open interest shrinks
Ripple (XRP) price is choppy, trading broadly sideways on Tuesday with support at $3.00 and short-term resistance at $3.20. Several attempts to erase the 16% decline from the money remittance token's record high of $3.66 have been subdued amid increasing selling pressure and fading bullish momentum.
Pi Network Price Forecast: Decline continues as $0.43 support faces pressure
Pi Network (PI) edges lower by 0.61% at press time on Tuesday following the bullish failure to hold at higher levels on Monday. Amid the pullback to its weekly support of $0.43, an unknown wallet address has acquired 1.40 million PI tokens, advancing its week-long buying spree. Still, the technical outlook remains bearish as the bullish momentum wanes.
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