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Cryptocurrencies Price Prediction: XRP, EGLD & Bitcoin – American Wrap 2 January

XRP price eyes $0.7 as crypto markets anticipate Spot Bitcoin ETF approvals

Ripple (XRP) price action has consolidated into a symmetric triangle, with prospects for a bullish breakout as the market sentiment remains optimistic. 
EGLD price is looking at a bullish start to 2024, achieving a breakout as the new year begins. The altcoin observed a successful bull flag pattern over the past couple of days and is set to mark a considerable rally. The network is also taking steps to launch itself deeper into the crypto space.

Bitcoin started 2024 trading with gap-higher opening and surged near $46000, the highest levels since April 2022.

Fresh rally was sparked by growing optimism that US securities regulator would soon approve exchange traded spot bitcoin funds, which greatly improved the sentiment.

 

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