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

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.

XTZ/USD daily chart

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. 

XRP/USDT 1-day chart

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. 

Comparing APT with SOL price rally

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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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Cardano Price Forecast: ADA risks steeper decline amid easing retail demand 

Cardano is trading in the red on Thursday, with roughly 10% losses so far this week, suggesting capitulation after last week’s 30% rally. Waning retail demand in ADA futures amid declining Open Interest and funding rates suggests capitulation speculation. The technical outlook for ADA is bearish, with bears targeting the 50-day Exponential Moving Average at $0.1899.

Top Altcoins Price Forecast: Ripple eases to $1.40, Solana hits $100, DOGE capped below $0.10

Ripple and Dogecoin are facing downside pressure after double-digit gains last week, while Solana extends its rally to $100. The technical outlook for XRP, SOL, and DOGE points to potential upside as the broader market sustains a risk-on sentiment.

Ethereum Price Forecast: Derivatives demand cools after short squeeze-led rally

After Ethereum gained over 30% last week, bulls have begun dominating its net taker volume. The 30-day moving average of the metric flipped positive last week, indicating immediate market activity in perpetual futures leans toward the upside.

Crypto Overview: Bitcoin holds at $78,000 amid US PCE surprise – SPX6900, VeChain rally

The broader cryptocurrency market maintains a constructive tone, with Bitcoin sustaining gains above $78,000 on Thursday. The US July Personal Consumption Expenditures (PCE) Price Index inflation came in higher than expected on Wednesday, suggesting that inflation remains elevated. SPX6900 and VeChain recorded double-digit gains over the last 24 hours, emerging as top performers.

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.