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Cryptocurrencies Price Prediction: Bitcoin, DeFi & Ripple – American Wrap 17 January

Cryptocurrencies Price Prediction: Bitcoin, DeFi & Ripple – American Wrap 17 January
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price still underwater as Grayscale moves $1.35 billion worth of BTC to Coinbase since spot ETF assent

Bitcoin (BTC) price slipped below the confines of an ascending parallel channel, which has been the governing chart pattern since around mid-October when the cryptocurrency market turned bullish. It comes after the January 12 crash, following revelations that Grayscale Bitcoin Trust (GBTC) was dumping.
Recent research by on-chain aggregator IntoTheBlock shows that the majority of exploits in the decentralized finance (DeFi) space are the result of unaudited projects. With this, the study concludes that while an audit may not guarantee safety, it should certainly be a minimum requirement for DeFi protocols.
 

SBI Holdings is an ally of cross-border payment remittance firm Ripple. The firm unveiled plans to issue Non-Fungible Tokens (NFT) assets on the XRPL chain, according to a document from a recent meeting. 

XRP price has been in a downward trend that started in November 2023. The altcoin’s recovery is likely to be catalyzed by bullish developments in the ecosystem. 

XRP/USD

Overview
Today last price0.5696
Today Daily Change-0.0061
Today Daily Change %-1.06
Today daily open0.5757
 
Trends
Daily SMA200.5914
Daily SMA500.6114
Daily SMA1000.5956
Daily SMA2000.5827
 
Levels
Previous Daily High0.5798
Previous Daily Low0.566
Previous Weekly High0.6236
Previous Weekly Low0.5447
Previous Monthly High0.6989
Previous Monthly Low0.5778
Daily Fibonacci 38.2%0.5712
Daily Fibonacci 61.8%0.5745
Daily Pivot Point S10.5679
Daily Pivot Point S20.56
Daily Pivot Point S30.5541
Daily Pivot Point R10.5817
Daily Pivot Point R20.5876
Daily Pivot Point R30.5954

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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 grinds lower despite Ripple securing final OCC approval for National Trust Bank

XRP grinds lower despite Ripple securing final OCC approval for National Trust Bank

Ripple is rising above $1.30 on Tuesday, while still largely constrained by technical hurdles. The token is down roughly 16% from its October high of $1.56, and 21% from the September peak of $1.66, reflecting weeks of persistent headwinds and risk-off sentiment.

Crypto Today: Bitcoin, Ethereum and XRP on edge as sell-side pressure intensifies

Crypto Today: Bitcoin, Ethereum and XRP on edge as sell-side pressure intensifies

Cryptocurrency prices are broadly correcting on Tuesday, led by Bitcoin edging lower below the pivotal $80,000 level. Ethereum mirrors Bitcoin’s neutral-to-bearish outlook, while Ripple hovers around $1.30.

Top Altcoins Price Forecast: Ripple, Cardano, Solana extend losses amid persistent selling pressure

Top Altcoins Price Forecast: Ripple, Cardano, Solana extend losses amid persistent selling pressure

Top altcoins, including Ripple, Cardano, and Solana, face intense selling pressure, extending losses from the previous week. XRP tests the $1.2941 support floor, while ADA risks deeper losses and SOL struggles near the $100 mark.

Bitcoin consolidates below $80,000 as Middle East tensions, tech earnings loom

Bitcoin consolidates below $80,000 as Middle East tensions, tech earnings loom

Bitcoin trades below $80,000 on Tuesday, failing to close above the 50-day EMA near $80,765 the previous day. Spot BTC ETFs recorded modest inflows of $110.34 million on Monday, while Strategy made no BTC purchases last week and Strive added 6,182 BTC.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.

Cryptocurrencies Price Prediction: Bitcoin, DeFi & Ripple – American Wrap 17 January