Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - Asian Wrap 10 Dec

FXStreet Team FXStreet

BTC/USD rises again on defending $7,300 crucial support

Bitcoin is relatively bullish as the Asian session grinds to a halt. The price action is 0.5% higher on the day while the prevailing volatility is on a shrinking trend. BTC is valued at $7,368 after correcting from an opening value of $7,337.

ETH/USD bulls caught in a vicious downward spiral in the hunt for a bottom

Ethereum seems to be pushing the search for credible support to otherwise called bottom a bit too far. Following the recovery from December, 2018 low at $80, the price corrected to highs hugging $364 in June, 2019. However, the trend since then has been a vicious cycle where Ether makes one step forward and several backward.

XRP/USD double top pattern aims at $0.21

Ripple is stuck in a narrow range between $0.21 and $0.2336. Both support and resistance of the range have been tested severally. However, they continue to hold suggesting that the lock-step trading could last longer.

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FXStreet Team

FXStreet

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.