Cryptocurrencies Price Prediction: Ripple, Memecoins & UniSwap – American Wrap 26 May
|Ripple Price Prediction: XRP eyes 14% pennant pattern breakout
Ripple's (XRP) price moves broadly sideways at around $2.32 at the time of writing on Monday, as cryptocurrency prices consolidate following a brief sell-off over the weekend. Sentiment in the crypto market remains relatively high, even as spot volumes are subdued possibly limiting the probability of a return above $3.00. A slight increase in the derivatives market's Open Interest (OI) suggests that interest is growing among traders despite outflows into XRP-related products surging to $37.2 million.
Top meme coins Dogecoin, Shiba Inu rally subdued as social buzz dwindles
The cryptocurrency market kicked off the week on a positive note as top meme coins, including Dogecoin (DOGE) and Shiba Inu (SHIB), pushed to regain strength after a slow and bearishly biased weekend. Last week’s surge, especially in Bitcoin (BTC), which reached new all-time highs of around $111,980, was mainly driven by strong institutional interest and, according to the latest Kaiko report, “late-night Asian buying.”
Uniswap rises above key resistance, aiming for $7.50 ahead of first positive monthly return in 2025
Uniswap's (UNI) price grinds higher as sentiment steadies in the broader cryptocurrency market to trade at around $6.56 at the time of writing on Monday. The Decentralized Exchange (DEX) native token's intraday gains surpass 6%, increasing the chances of breaking a four-month negative monthly return streak. If Uniswap maintains its recent gains, it could achieve a positive monthly return by the end of May.
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.