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

FXStreet Team FXStreet

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.

DeFi exploits attributed to unaudited projects, data shows as Bungee exchange confirms operations

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.

Ripple partner SBI Holdings plans NFT roll out on XRP Ledger

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 price	0.5696
Today Daily Change	-0.0061
Today Daily Change %	-1.06
Today daily open	0.5757

Trends
Daily SMA20	0.5914
Daily SMA50	0.6114
Daily SMA100	0.5956
Daily SMA200	0.5827

Levels
Previous Daily High	0.5798
Previous Daily Low	0.566
Previous Weekly High	0.6236
Previous Weekly Low	0.5447
Previous Monthly High	0.6989
Previous Monthly Low	0.5778
Daily Fibonacci 38.2%	0.5712
Daily Fibonacci 61.8%	0.5745
Daily Pivot Point S1	0.5679
Daily Pivot Point S2	0.56
Daily Pivot Point S3	0.5541
Daily Pivot Point R1	0.5817
Daily Pivot Point R2	0.5876
Daily Pivot Point R3	0.5954

Author

FXStreet Team

FXStreet

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.

XRP struggles to hold modest gains as risk-off mood caps upside

Ripple (XRP) hovers above $1.15 on Tuesday, following a rejection near $1.20. The remittance token mirrors the broader risk-off mood, with Bitcoin (BTC) stalling around $63,000 and Ethereum (ETH) trading below $1,700.

Crypto Today: Bitcoin, Ethereum, XRP edge lower despite Middle East tensions easing

Cryptocurrency prices trade amid persistent selling pressure on Tuesday. Bitcoin (BTC) hovers near $63,000, Ethereum (ETH) above $1,650, and Ripple (XRP) around $1.14.

Venice risks bearish reversal amid easing demand and revenue

Venice holds near $16 on Tuesday, extending consolidation after correcting from all-time highs last week. On-chain data show a decline in token staking and burning amid a declining revenue stream, suggesting weaker demand.

Bitcoin Price Forecast: Persistent ETF outflows continue to limit recovery

Bitcoin trades slightly lower on Tuesday after struggling to hold above $64,000, a level that coincides with key daily resistance. Risk sentiment improved slightly after Iran and Israel halted a military escalation following an exchange of strikes.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.

XRP/USD

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