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.
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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.
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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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