Cryptocurrencies Price Prediction: Ripple, Bitcoin & Pi Network – American Wrap 29 October
|Ripple Price Forecast: XRP edges higher as Ripple eyes ETF approval in Q4
Ripple (XRP) moves higher on Wednesday, in step with crypto majors such as Bitcoin (BTC) and Ethereum (ETH). The cross-border money transfer token holds steadily above $2.65, as bulls tighten their grip, building on optimism that the Federal Reserve (Fed) will continue to ease its monetary policy by lowering interest rates by 25 basis points later in the day.
The 2021 redux myth: Why Bitcoin's next move likely won't mirror the past
Everyone sees the setup. Dollar weakness. Fed rate cuts on the horizon. Bitcoin consolidating after hitting new all-time highs. The pattern recognition part of our brains screams: "We've seen this movie before."
Pi Network Price Forecast: PI token rally holds steady amid rising CEXs inflows
Pi Network (PI) trades above $0.2600 at the time of writing on Wednesday, surfacing above the 50-day Exponential Moving Average at $0.2618 for a potential breakout. The technical outlook is bullish, while the near 120 million PI tokens to be unlocked in November and rising inflows over Centralized Exchanges (CEXs) could provide headwinds.
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.