Cryptocurrencies Price Prediction: Dogecoin, Ripple and Ethereum – American Wrap 30 August
|Dogecoin buyers nowhere to be seen as DOGE price dips lower
Dogecoin (DOGE) is in a bit of pause mode as buyers have not been able to push prices above $0.30. After the correction DOGE had on August 24, price action has refrained from paring back those losses with the break of the green ascending trend line. Instead, price action is going sideways and does not show much sign of improvement as it looks to be stuck between $0.30 to the upside and $0.27 to the downside.
XRP Price Prediction: XRP heads toward $1
Ripple (XRP) has been on a downward trajectory since August 15. Price action could not get back up there, and since then prices have shown lower highs. In that push to the downside, Ripple could not hold price-action above the purple descending trend line. The trend line got chopped up several times and looks to have served its purpose for now.
Ethereum edges closer to a breakout that would be determined by this price level
Ethereum (ETH) is consolidating in its price action. Price is getting squeezed in from both sides by buyers and sellers. The highs are getting lower, and the lows are getting higher. A breakout looks imminent, and it will be critical to see if ETH can run up again toward the higher boundary at $3,391.
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.