Cryptocurrencies Price Prediction: Ripple, Terra & Bitcoin – American Wrap 23 May

Bitcoin Price Analysis: Contrarian bulls will induce a rally towards $33,700

Bitcoin price Fear and Greed index has been residing in extreme fear levels for over two weeks. This Index can be used as a contrarian bullish signal since more investors are unwilling to invest in the current BTC price leaves more room for smart money to accumulate large orders. 

XRP price prompts fear amongst investors as technicals signal another sell-off

XRP price has investors questioning how low the digital remittance token can fall. As other cryptocurrencies are positioning for an anticipated countertrend spike, XRP price action diverges from the pact, hinting at another drop in the coming weeks.

Another Terra's LUNA price failed recovery attempt causes uproar in the crypto community

Several whistleblowers have contacted Terra community member “FatMan” and revealed details of Terraform Labs co-founder Do Kwon’s monthly payments to quantitative trading firm Jump Crypto and their role in the crash of UST. Proposal 1299 has failed to fuel a recovery in Terra’s LUNA price. 

 

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