Cryptocurrencies Price Prediction: Ripple, Cardano & Bitcoin – American Wrap 03 August
|Bitcoin Price Prediction: A fundamental line in the sand
Bitcoin price is having trouble propelling towards higher targets. The peer-to-peer digital asset has performed quite erratically during July as traders experienced shakeouts and fakeouts in both directions. Because of the unpredictable behavior, the Bitcoin price ascent looks rather congested. This subtle display of uncertainty can be viewed as a weakness of trend amongst technical analysts. An opportunity to short the digital asset could present itself in the coming weeks.
Will XRP price sprout past $0.50 this week?
XRP price has, since its major drop in June, consolidated in a narrow range running from $0.30 to $0.40. This slow, unresponsive price movement saw investors take a hands-off approach, making XRP price recovery a challenge. However, the cross-border token may soon break out of the range, climb to $0.50 and then move to $1.00.
Cardano price gears up for 40% price rally after surpassing key milestone
RektCapital, a crypto analyst evaluated the Cardano price trend and noted that ADA price witnessed a recent breakout from a Falling Wedge chart pattern. This pattern usually occurs when the asset’s price is moving in an overall bullish trend before a correction. Cardano price is now expected to burst through the upper trend line, past $0.515 to begin a 40% rally.
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.