Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 14 May


Bitcoin Price Analysis: BTC/USD runs out of steam as it nears the $9,500 level

BTC/USD dropped a bit from $9,320 to $9,303 following a hugely bullish Wednesday. The Elliott Oscillator has had five straight red sessions, while the MACD shows sustained bearish momentum. The 20-day Bollinger jaw has narrowed, which indicates decreasing price volatility.

 

Ripple Price Analysis: XRP/USD pushes above $0.20, Ripple to launch new loan platform

Ripple price has embarked on a mission of breaking barriers. This follows a recent dip to May lows at $0.1750. Recovery ensued with XRP stepping above $0.20, however, it was not without struggle. XRP/USD is flirting with $0.2015 amid a developing bearish momentum. An intraday high has been achieved at $0.2029.

 

Ethereum Price Analysis: ETH/USD breaches $200 barrier, is $220 the next target?

The cryptocurrency market is slightly in the red during the Asian session. Prior to the losses, the coins in the market spiked above various key levels. For instance, Ethereum broke the weekly resistance at $200 while Bitcoin towered above $9,300 to the extent of testing the hurdle.

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Bitcoin adoption accelerates as coiling prices hint at explosive rally

Bitcoin price faces a stiff resistance wall that has prevented weak bullish momentum from passing through. As a result, a short-lived retracement has caused a majority of the market to follow suit despite BTC’s raging adoption and interest from institutions over the past week.

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DOGE’s bullish potential appears limited amid overbought conditions

DOGE/USD eyes $0.80 amid a descending triangle breakout on the 4H chart. Overbought RSI remains a cause for concern for the DOGE bulls. Elon Musk’s Saturday Night Live appearance waited for fresh impetus.

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Ripple epitomizes relative strength, portends higher prices

XRP price confidence weakens slightly as breakout from bullish base falters. XRP/BTC pair has gained over 300% in the last eight weeks. Ongoing SEC case and the documentation production battles cast a wide shadow.

More Ripple News

Litecoin price enjoys steady uptrend, but beware of LTC warning signs

Litecoin price closes with a Doji candlestick, indicating an interruption in the trend. Significant Fibonacci level restraining rally from reaching the all-time high. Litecoin price on pace to close with fourth-largest weekly gain since September 2020 low.

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

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