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Cryptocurrencies Price Prediction: Bitcoin, Ripple & ChainLink – Asian Wrap 09 Nov

Cryptocurrencies Price Prediction: Bitcoin, Ripple & ChainLink – Asian Wrap 09 Nov
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Technical Analysis: BTC rebounds eyeing $16,000

Bitcoin bulls held firmly to the support recently established at $14,500 after trading new yearly highs close to $16,000. The upsurge was attributed to the tension created by the United States presidential elections in the stock market.

Ripple Price Prediction: XRP draws closer to $0.3

Ripple has been determined to come out of a ranging channel since September. However, resistance at $0.26 has not given buyers the leeway to complete the ultimate journey to $0.3. The short-term support at $0.23 played a vital role throughout October and the first week of November.

Chainlink Price Forecast: LINK rebounds ahead of the new week

Chainlink emerged as one of the biggest gainers this week, rallying from the dip under $10 to highs above $13.50. The rally took place amid the tension created in the markets by the United States presidential elections. A correction from the resistance at $13.50 appears to have established higher support at $11.50.

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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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XRP slides amid a fragile crypto market structure

XRP slides amid a fragile crypto market structure

Ripple (XRP) falls for the second straight day, trading at $1.37 on Thursday. The broader cryptocurrency market remains fragile as investors weigh the impact of geopolitical tensions in the Middle East, which triggered persistent increases in Crude Oil prices while restricting shipping through the Straight of Hormuz and the Red Sea.
Bitcoin Price Forecast: BTC pressured amid ETF outflows, fresh US-Iran risks

Bitcoin Price Forecast: BTC pressured amid ETF outflows, fresh US-Iran risks

Bitcoin (BTC) remains under pressure, trading below $78,200 at the time of writing on Thursday after declining nearly 3% so far this week. Weakening institutional demand, along with escalating geopolitical tensions between the US and Iran near the Strait of Hormuz, continues to dampen risk appetite and weigh on the Crypto King. Institutional demand for Bitcoin shows early signs of caution.
Top Altcoins Price Forecast: Ripple, Solana, and Cardano risk deeper losses

Top Altcoins Price Forecast: Ripple, Solana, and Cardano risk deeper losses

Ripple (XRP), Solana (SOL), and Cardano (ADA) struggle to extend last month's advance, pointing to moderating buying pressure. The technical outlook for XRP, SOL, and ADA suggests a mild near-term bearish bias as momentum weakens. Ripple trades around $1.3800 at press time on Thursday, extending losses after a bearish close the previous day.
Crypto Today: Bitcoin, Ethereum and XRP lose bullish momentum as structural support holds

Crypto Today: Bitcoin, Ethereum and XRP lose bullish momentum as structural support holds

Cryptocurrency prices are moderating on Thursday, with Bitcoin (BTC) dropping to test the near-term $78,000 support. Altcoins, including Ethereum (ETH) and Ripple (XRP), are echoing Bitcoin’s cautious sentiment, with ETH retracing to approximately $2,470 and XRP to $1.38.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.