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

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

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.

BCH/USD price chart

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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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Top Altcoins Price Forecast: Ripple hits 20-month low as Cardano and Solana lack momentum

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Ripple and Stellar outlook: Remain under pressure as bearish bias extends

Ripple and Stellar remain under pressure after falling slightly the previous day. XRP gravitates toward the key $1.00 psychological level while XLM slips below the critical support zone. Weakening derivatives metrics for both altcoins cap recovery outlook. Derivatives data shows a bearish bias among traders.

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Crypto Market Overview: Bitcoin softens on institutional selling – CRV, ICP outperform

The broader cryptocurrency market shows mixed sentiment as Bitcoin (BTC) drops to $64,000 under institutional selling pressure. The Fear and Greed Index at 37, down from 40 the previous day, signals renewed bearish pressure. Meanwhile, Curve DAO (CRV) and Internet Computer (ICP) continue to extend their gains so far this week, emerging as top performers over the last 24 hours.
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Bitcoin: Can bulls weather the market uncertainty?

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