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Cryptocurrencies Price Prediction: Bitcoin, Compound and Ripple – European Wrap 29 June

Cryptocurrencies Price Prediction: Bitcoin, Compound and Ripple – European Wrap 29 June
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Fresh lows for crypto markets in sight as recovery gains come undone

Bitcoin price faced an intense sell-off as it approached the recent weekly open, indicating that investors are looking to book profits. This downswing has caused Ethereum, Ripple and other altcoins to take a dip as well.

BTC/USD 2-hour chart

Dwindling DeFi hype could send Compound’s COMP price to…

COMP price has been on a vertical ascent since the collective crypto market bottomed out on June 19. This uptrend faced a significant hurdle, however, which has caused Compound bulls to evaluate their momentum.

 
 
COMP/USDT 4-hour chart

As NATO troops double, so do the bears' army in XRP

Ripple (XRP) price is returning with a hangover after a very short-lived party in which it rallied from $0.3043 to $0.3710, and booked 21% gains. Although bulls temporarily pushed the price above $0.3710, it turned out to be a false breakout, and eventually closed the day below, catching a lot of bulls in a bull trap in the process. Those long positions are now being dragged to the downside in a squeeze exacerbated by an overnight flare-up of geopolitical and macroeconomic tail risks.

XRP/USD daily chart

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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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XRP holds key support amid thinning liquidity on exchanges

XRP holds key support amid thinning liquidity on exchanges

Ripple (XRP) regains support at $1.00 on Wednesday, following the headwinds experienced the day before. Near-term support around $0.99 encouraged investors to reengage, supported by the return of inflows into spot Exchange-Traded Funds (ETFs).

Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return

Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return

Bitcoin’s upside remains capped on Wednesday while the downside appears strongly supported above $64,000. Altcoins, including Ethereum and Ripple, are broadly consolidating with ETH trading above $1,900 and XRP above $1.00.

Pump.fun Price Forecast: Bullish signs support long-term upside

Pump.fun Price Forecast: Bullish signs support long-term upside

Pump.fun (PUMP) is down 3% on Wednesday, easing after nearly 13% gains the previous day. PUMP derivatives point to increasing leverage-driven demand as Open Interest rises to a seven-month high of $258.62 million.

Bitcoin slips toward key 50-day EMA ahead of FOMC Minutes

Bitcoin slips toward key 50-day EMA ahead of FOMC Minutes

Bitcoin (BTC) edges lower toward the 50-day Exponential Moving Average (EMA) around $64,370 at the time of writing on Wednesday after posting a 2.9% gain over the previous two days.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.