Cryptocurrencies Price Prediction: Ripple, Shiba Inu & Bitcoin – American Wrap 22 June
|Three technical indicators suggest XRP price hit a market bottom
XRP price is down over 70% from the April high and 50% from the June 1 rebound high at the time of writing, creating a challenging price structure to extract meaningful gains on a sustainable basis. However, today there is a convergence of three technical indicators that may signal that Ripple is near a new trading low or the beginning of a slow process of building an investable low for a new bull market.
BTC Price Prediction: Price recovers after dangerously testing levels under $30,000
Bitcoin price tumbled to $28,600, hitting the lowest level since January 4. The level is more than 50% below the April record high. So far, BTC/USD has been able to recover the 30K area but still remains under pressure. A consolidation below $30,000 would point to more losses ahead.
SHIB price stuck in tight range as Shiba Inu bulls struggle to lift prices higher
SHIB price continues to consolidate after failing to break above a critical resistance trend line. Shiba Inu has failed to galvanize investors’ enthusiasm, almost falling to retest June 12 lows. The dog-themed cryptocurrency has managed to recover slightly, but a 5% dip below the current price may push it lower. SHIB price has been sealed in a downward trend since mid-May, struggling to record higher highs.
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