Cryptocurrencies Price Prediction: Bitcoin Cash, Ethereum & Ripple – European Wrap 13 April

FXStreet Team FXStreet

Bitcoin Cash Price: BCH/USD bulls strongly defend the 23.6% Fibo support

Bitcoin Cash is in the red on Easter Monday after sellers cut short last week’s momentum towards $300. A new April high was established at $281 and unfortunately marked the end of the halving rally. After the halving, Bitcoin Cash retreated under $250 support. Meanwhile, the price is trading at $226 and holding on to the support by the 23.6% Fibonacci retracement taken between the last swing high at $498.93 to a swing low at $136.71.

Ethereum Price Analysis: Bitfinex users are buying ETH, the rest are selling

At the time of writing, Ethereum (ETH) is changing hands at $153.00, down 2.5% on a day-to-day basis and 3.5% since the beginning Monday. The second-largest coin with the current market value of $16.9 billion has recovered from the intraday low of $149.84, however, the further upside seems to be limited at this stage.

Ripple Price Analysis: XRP/USD breaks below upside trendline

Ripple is the third-largest digital asset with the current market value of $8 billion and an average daily trading volume of $2.3 billion. At the time of writing, XRP/USD is changing hands at $0.1840, down 3% on a day-to-day basis and 3% since the beginning of the day. The coin is moving in sync with the market, which is controlled by short-term bearish sentiments.

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FXStreet Team

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Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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