Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – European Wrap 14 April

FXStreet Team FXStreet

Bitcoin Price Analysis: BTC/USD decouples from gold, Peter Schiff rejoices

Bitcoin's correlation with gold has been weakening recently. The precious metal surpassed $1,700 mark for the first time since 2012 amid global flight to safety in times of economic uncertainty inspired by coronavirus outbreak. However, Bitcoin dropped below $7,000 after a series of unsuccessful attempts to settle above $7,500.

Ethereum Price Analysis: ETH/USD struggles to stay above short-term bullish trendline

At the time of writing, Ethereum (ETH) is changing hands at $158.70. The coin has gained 2.3% in the recent 24 hours and 1.5% since the beginning of Tuesday. The second-largest coin with the current market value of $17.5 billion has recovered from Monday's low $149.84, however, the further upside seems to be limited by daily SMA50.

Ripple Price Analysis: XRP/USD bears stand ready, sell-off may continue towards $0.1700

Ripple ha settled below $0.1900, which is a bearish signal for the coin in the short run. At the time of writing, XRP/USD is changing hands at $0.1880, mostly unchanged since the beginning of Tuesday, though it has regained some ground on a day-to-day basis. Ripple is now the third-largest digital asset with the current market value of $8.27 billion and an average daily trading volume of $2 billion.

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Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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