Cryptocurrencies Price Prediction: Bitcoin, Ripple & Chainlink – American Wrap 21 August
Bitcoin vs Gold: Risk-on sentiment fuels rallies in BTC and XAU
Bitcoin (BTC) upholds a strong bullish outlook, trading near $78,000 on Friday. Since Monday, the Crypto King has surged by roughly 25%, reflecting a notable shift in risk appetite, especially through Exchange-Traded Funds (ETFs) and derivatives.
XRP extends strong bullish breakout as technical support underpins rally
Ripple (XRP) rises on Friday to trade above $1.40 as bulls aim for a continuation of the rally above $1.50. The remittance token is up by more than 12% on the day and over 40% since Monday, reinforcing the bullish outlook.
Chainlink Price Forecast: LINK hits seven-month highs amid strong DeFi, institutional demand
Chainlink (LINK) is up roughly 8% at press time on Friday, extending its rally to a seven-month high with over 20% so far this week. Decentralized Finance (DeFi) ecosystem recorded over $9 billion in volume for three straight days, while LINK-focused Exchange Traded Funds (ETFs) recorded their four-month highest daily inflow of $3.63 million on Thursday, pointing to strong market activity and investor demand. Chainlink’s technical outlook is bullish with 10% upside potential amid firm buying pressure.
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