Cryptocurrencies Price Prediction: Bitcoin, Ripple and Ethereum – European Wrap 1 February

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto rally built on house of cards, collapse imminent

Bitcoin price shows a tight range formation after rallying for a month. This pause is being seen across Ethereum and Ripple price, but not all altcoins. Some cryptocurrencies are rallying without a stop; so investors need to exercise caution as this house of cards built over the last month could come crumbling down.

Ripple Price Forecast: Showtime for bulls with 20% gains on the table

Ripple (XRP) price looks to jump higher as several signs point to more slowdowns in the US economic numbers on all fronts. For the first time in two years, the value of a house in San Francisco is worth less than last month. Overall, prices are dropping, but the job market is still near full employment. The ideal moment for the Fed to try and go for that soft landing by now putting the brakes on their rate hikes and informing the markets it is nearly done with tightening.

If Ethereum withdrawals are enabled today $1.5 billion in ETH would be on the move, here’s why this matters

Ethereum withdrawals will be enabled with the Shanghai upgrade, for the first time since the launch of the Beacon chain staking contract in December 2020. This marks a key milestone for ETH holders as token unlock by validators could increase the volume of ETH on the move in the circulating supply.

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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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