Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 11 May


Bitcoin Price Analysis: BTC/USD just dumped another $300+

The price has been very choppy today as the chart below shows. There has been a pullback, but as soon as the price hit 9182.66, the market turned and fell in two stages.

The 8500.00 level provided the market with some support even though the price dipped through. It seems like some participants are banking some profits as BTC heads toward the halving event on Monday. 

ETH/USD: Ethereum-based futures with physical delivery are launched at the cryptocurrency exchange ErisX

The trading platform for cryptocurrency derivatives, ErisX, launched the first Ether (ETH) futures contracts with physical delivery in the U.S. According to the official announcement, the contracts based on ETH-USD with monthly and quarterly expirations are made available for traders today.

Ripple Price Analysis: This 4-hour chart doesn't look so great

Ripple is having a tough time on Monday and the bears are in full control. On the 4-hour chart below, once the wedge was broken to the downside it seems the price capitulated. The psychological 0.20 has been a big support in the past and now it has been broken and used as resistance again as the pullback from the break lower kicked in.

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Breaking: Bitcoin breaks new yearly highs; the road to $15,000 is clear

Bitcoin (BTC) broke above the local resistance created by $13,250 and hit a new high of 2020 at $13,490. The pioneer digital asset is poised for further growth as the upside momentum gains traction amid little resistance from sellers.

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XRP looks poised for a breakout to $0.30

XRP is currently trading at $0.252 after successfully defending a critical support level at $0.247. In the past two weeks, the digital asset has been rejected from the upper boundary of the daily ascending triangle around ten times.

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Breaking: JPMorgan's digital currency, JPM Coin, is ready for commercial use

JPMorgan Chase announced that its digital currency, JPM Coin, had been used for commercial purposes this week. A large technology client used it to send cross-border payments.

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The network’s utility increases, while TRX prepares for a massive price movement

TRON's weekly report is out and talks about the finalization of the TRC-20 shielded contract on the mainnet and a security test for the smart contract on TVM instructions to stake and unstake.

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Bitcoin Weekly Forecast: Bitcoin goes up as some of the world's largest currencies go down

While investors are waiting for BTC to retest all-time highs and shoot to the moon, it is already there. In some countries, the pioneer digital asset surpassed the peak of 2017 and hit new historic highs in local currencies.

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