Cryptocurrencies Price Prediction: Toncoin, XRP & Bitcoin – American Wrap 28 May
|Toncoin surges as Telegram strikes $300M Grok AI deal
Toncoin (TON) price is rising sharply to around $3.35 on Wednesday, supported by a strategic deal between the Ton Foundation and Elon Musk’s xAI.
XRP uptrend at risk as Ripple nudges the SEC to establish clear regulations
Ripple (XRP) has been trading in a narrow range between $2.65 and $2.27 for nearly three weeks, with a bias toward the support level. The short-term technical outlook suggests that the current market value of $2.28 on Wednesday could pave the way for extended losses. Beyond the range support, trader interest could shift to the demand zone at $2.07 as bulls seek liquidity to make make another attempt at recovery.
Bitcoin hovers above $108,000, but analysts warn against the next BTC drop
Bitcoin (BTC) hovers above key support at $108,000. Analysts at Bitunix warn that a price crash could occur, citing the potential for a liquidity sweep below this level following last week's large-scale liquidations in BTC derivatives markets.
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