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Cryptocurrencies Price Prediction: Bitcoin, Polygon and Ripple – European Wrap 12 May

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: No band-aids as crypto markets bleed

Bitcoin price, Ethereum and other cryptocurrencies are bleeding, and global markets are reluctant to provide any band-aids or bandages to stop the bleeding. Investors are turning their back on cryptocurrencies as a storm is rolling through the markets, with the stock market correction as the most significant cause of the turmoil. With cryptocurrencies on the chopping block, expect to see more losses eked out into the weekend as support levels are still far off.

BTC/USD  weekly chart

MATIC price threatens a 45% crash; this is what traders can do

MATIC price is in a tough spot like many altcoins after the recent collapse of LUNA-UST. The ripple effect of this breakdown is being felt in the crypto space across every single token, including Bitcoin.

MATIC/USDT 3-day chart

Where XRP price could bottom and how to reenter the market

XRP price shows an interesting outlook as it crashes below multiple support levels on a weekly time frame. This bearish outlook is inescapable as the LUNA-UST kingdom collapses. The domino effect is not just felt by BTC but also by the entire ecosystem.

XRP/USD 1-week chart

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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 recovery faces resistance as derivatives demand cools

XRP holds support at the 50-day EMA, but the 200-day EMA may limit recovery. XRP bulls battle to regain control, while momentum indicators remain downward, weighing on price action.

Crypto Today: Bitcoin, Ethereum, XRP stabilize defying macro headwinds and ETF outflows

Bitcoin is showing resilience, trading up above $76,000 on Thursday. The uptick follows the US Fed decision that hiked interest rates the day before. Meanwhile, ETH gains momentum toward $2,500, suggesting the return of bulls as macro headwinds settle.

Bitcoin extends cautious rebound as ETF outflows, hawkish Fed risks cap upside potential

Bitcoin extends rebound trading above $76,500 on Thursday after a mild recovery the previous day. The Fed’s hawkish outlook, alongside escalating Middle East tensions, could limit BTC upside potential.

Top Altcoins Price Forecast: Ripple, Cardano, Dogecoin – Downside risk looms amid market uncertainties

Ripple edges higher to $1.30 on Thursday, supported by its 50-day EMA at $1.28. Cardano holds near the short-term support trendline, with bulls attempting to reclaim the 50-day EMA at $0.1994.

Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.