Cryptocurrencies Price Prediction: Dogecoin, Ripple & Bitcoin – American Wrap 25 August
|Dogecoin Price Forecast: What’s next as DOGE whales de-risk amid low wallet activity
Dogecoin (DOGE) recovery has become elusive, worsened by risk-off sentiment in the broader cryptocurrency market. A 5% decline on Monday sees the largest meme coin by market capitalization exchange hands below $0.22 at the time of writing.
Ripple Price Forecast: XRP eyes $3.00 breakout as Gemini debuts XRP-focused Mastercard
Ripple (XRP) offers recovery signs, trading at around $2.96 on Monday. Despite weak market sentiment led by Bitcoin’s (BTC) flash drop below $112,000, XRP has stayed above the critical $2.90 support since Friday’s macro-led recovery, which peaked at $3.12 over the weekend.
BTC/USD outlook: Bears regain full control but continue to face headwinds
BTCUSD remains in red for the third straight day and pressures again key supports at 111370 (100DMA / 50% retracement of 98182/124558) and 110722 (daily Ichimoku cloud base) after fully retracing Friday’s post-Powell rally and dipping to the lowest since July 9.
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.