Cryptocurrencies Price Prediction: Bitcoin Cash, IOTA & Ripple – European Wrap 1 July

Bitcoin Cash Price Prediction: BCH/USD fails to break free from the range, reverses gains

Bitcoin Cash (BCH) is the fifth largest digital asset with the current market value of $4.1 billion and an average daily trading volume of $1.11 billion. The coin hit the intraday high at $225.62 during early Asian hours and retreated to $223.16 by the time of writing. BCH lost over 1% in a matter of minutes as a failure to settle above the local resistance triggered stop orders. 



IOTA Price Analysis: IOT/USD bulls target $0.2300 amid strong recovery

IOTA hit the recent high at $0.2272 on Tuesday and retreated to $0.2246 by the time of writing. Despite the retreat, IOTA has gained over 5% on a day-to-day basis. IOTA is currently the 24th largest digital asset with the current market value of $622 million and an average daily trading volume of $15 million. The coin is most actively traded on OKEx against USDT.



Ripple Price Analysis: XRP/USD waits for a catalyst to escape the range

XRP/USD attempted a recovery to $0.1800 on Tuesday only to retreat to $0.1750 by the time of writing. The coin  has stayed mostly unchanged both on a day-to-day basis and since the beginning of Wednesday, moving in a tight channel with the short-term bullish bias amid expanding volatility. Ripple's XRP is the fourth largest digital asset with the current market value of $7.79 billion and an average daily trading volume of $1 billion. XRP/USD has lost over 15% in June and over 50% since this time in 2019.



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BCH/USD in retreat after gaining 7% in a matter of minutes

Bitcoin Cash (BCH) is still in a red zone on a day-to-day basis; however, the coin recovered strongly from the intraday low of $232.60 and hit $240.00 in a matter of minutes. At the time of writing, BCH/USD is changing hands at $237.00.

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ADA/USD extends the decline, $0.1000 at risk

Cardano (ADA) extended the decline and hit $0.1102 on Friday. The coin has lost 20% from the peak of $0.1386 reached on July 8. At the time of writing, ADA/USD is changing hands at $0.1120, down 9% in the recent 24 hours.

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ETH/USD volatility ousted as DeFi skyrockets to $2 billion

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Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast