Cryptocurrencies Price Prediction: Bitcoin, Ripple and Aptos – European Wrap 31 January

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Tezos Price Forecast: XTZ sees traders pre-positioning after taking profit before central bank announcements

Tezos (XTZ) price had a gut-punch move on Monday with price action sliding over 8% as equities sold off in the US trading session. Overall, this morning the sell-off looks to be halted, which labels the drop-off on Monday as pure profit-taking in the wake of central bankers coming out with announcements by Wednesday. Expect some pre-positioning with bulls looking for bargains and scooping up some price action at the lows this week.

Ripple processes payments worth $30 billion but XRP price eyes a 13% crash

Ripple released its Q4 report for 2022, which is part of its transparency efforts and has been ongoing for a few years now. The document contains a plethora of information focusing on the partnerships, sales, and major developments that it underwent in the months before.

Three reasons why Aptos price rally could lose steam after 400% gains

Aptos witnessed a massive spike in its price since December 29, but on-chain analysts and experts suspect the token’s price rally could soon come to an end. The inflow of APT to exchanges increased, with nearly $20 million worth of Aptos hitting Binance on January 28.

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FXStreet Team

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.