Cryptocurrencies Price Prediction: Bitcoin, Ripple and Dogecoin – European Wrap 14 October

FXStreet Team FXStreet

Bitcoin Weekly Forecast: Is this the start of BTC’s journey to $28,000?

Bitcoin price witnesses a massive surge in volatility after the release of the US Consumer Price Index (CPI) on Thursday. An initial drop in BTC price is later taken over by buyers, resulting in a sharp move to the upside. CPI came out at 8.2% – above the 8.1% forecast, and Bitcoin price tumbled to $18,190 as expected, given expectations of continued aggressive rate-hiking from the Fed and a stronger US dollar. BTC price quickly recovered, however, rising back up to touch highs of $19,500. Going forward, high-impact news that affects the stock market will also continue to affect the big crypto due to the tight correlation between the two. However, an interesting development is brewing behind the scenes that hints at a potential start of a bullish regime, at least, in the short term.

Ripple Price Prediction: Only one hurdle stands between XRP and $0.90

XRP price continues to remain strong relative to other altcoins despite the recent downturn. Regardless, the crypto markets seem to be shifting their bias to favoring bulls, so investors can expect Ripple to continue its ascent.

Dogecoin price dodged a bullet, but the narrative remains the same

Dogecoin (DOGE) price action was close to a meltdown on Thursday as DOGE price tanked on the back of stronger-than-expected inflation numbers out of the US. But, Dogecoin bulls came in and saved the day as traders focused on earlier prints of US retail prices coming down and that element not being reflected in the current inflation print. Traders are shrugging off the stronger number and buying into equities and cryptocurrencies.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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