Cryptocurrencies Price Prediction: Bitcoin Cash, Ripple & Cardano – European Wrap 12 May

FXStreet Team FXStreet

Bitcoin Cash Price Analysis: BCH/USD held back by critical resistance at $240

Among the major coins, Bitcoin Cash is the only one still in the red. The European session is characterized by increased volatility. Bitcoin (BTC) is up 1.53% to trade at $8,692 while Ethereum is trading at $188 (up 1.5%) and Ripple trading at $0.1950 (up 1.14%). BCH/USD, on the other hand, has subtle a subtle 0.22% of its value on the day.

Ripple Price Analysis: XRP/USD confined to a tight range

Ripple’s XRP has been sitting inside a tight range after the recovery from the recent sell-off. The third-largest digital coin is changing hands at $0.1960, mostly unchanged both on a day-to-day basis and since the beginning of Tuesday. Ripple’s market capitalization is $8.67 billion, while an average daily trading volume is $2.5 billion.

Cardano Price Analysis: ADA/USD beats the market with 8% gains

Cardano (ADA) is the 11th largest digital asset with the current market value of $1.3 billion, The coin has gained over 8% in the recent 24 hours to become one of the best-performing digital assets out of top-20. At the time of writing, ADA/USD is changing hands at $0.0503, having recovered from the recent low of $0.0427 hit in April 10 amid major sell-off on the cryptocurrency market.

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Cardano holds steady as bulls intensify push for breakout

Cardano rises above the 50-day EMA resistance amid a risk-on mood across the crypto market. The MACD upholds positive divergence, increasing the potential for a 20% breakout to $0.505.

XRP poised for breakout as ETF inflows and bullish momentum align

Ripple is showing strength, trading at $2.36 at the time of writing on Tuesday. The cross-border remittance token has maintained a steady uptrend for six consecutive days, underscoring steady inflows into XRP spot Exchange Traded Funds.

Crypto Today: Bitcoin, Ethereum, XRP uptrend cools amid surging ETF inflows

Bitcoin is retracing toward support at $93,000 at the time of writing on Tuesday, after reaching a previous day’s high of $94,789. Ethereum and Ripple uptrend has cooled after several days of persistent gains, suggesting potential profit-taking.

Bitcoin holds above $93,000 as ETF inflows continue and Strategy boosts holdings

Bitcoin price trades around $93,000 at the time of writing on Tuesday, pausing near a key resistance zone after its recent advance. Institutional demand remains supportive, with US-listed spot ETFs recording their largest single-day inflow since early October.

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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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