Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum — Asian Wrap 22 September

FXStreet Team FXStreet

Crypto market dips, wiping out over $630 million in liquidations while Metaplanet adds 5,419 BTC

Despite this price drop, Bitcoin institutional demand started the week on a positive note. Japanese investment firm Metaplanet announced on Monday that it has purchased an additional 5,419 BTC, bringing the total holding to 25,555 BTC. However, traders should still be cautious as the BTC daily chart below shows that it hovers around key support at $114,009, its 50-day Exponential Moving Average (EMA). A firm close below this support zone could extend further losses on BTC and the broader crypto market.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP dips as bearish pressure lingers

Ripple's XRP price failed to maintain its upward momentum and declined by nearly 2% in the previous week. At the start of this week, on Monday, it continued its pullback, closing below the 50-day EMA and trading around $2.90. If XRP continues its correction, it could extend the decline toward its next daily support at $2.72.

Ethereum Price Forecast: ETH drops 3% as developers set year-end target for Fusaka

Ethereum (ETH) dropped 3% on Friday amid plans from developers to launch the Fusaka upgrade by year's end. Ethereum developers have set the year-end as the tentative date for its next major upgrade, Fusaka. Fusaka is Ethereum's next major protocol upgrade, consisting of 12 Ethereum Improvement Proposals (EIPs). The upgrade features improvements that enhance data verification, optimize storage, increase the block gas limit, and improve smart contract execution.

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Aave Price Forecast: AAVE surges as capital flows return to DeFi

Aave (AAVE) extends its rally, trading above $81 on Thursday after closing above its key resistance and surging more than 10% the previous day. The bullish move is supported by improving on-chain metrics, with USDT deposits flowing back into the protocol and strengthening its lending ecosystem.

Crypto Market Overview: Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

XRP Price Forecast: Ripple and SBI Group partner to launch RLUSD in Japan

Ripple remains under pressure, trading at $1.06 after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency on Thursday, but the move failed to lift sentiment.

Ethereum Price Forecast: ETH could see a 30% decline if history repeats

Ethereum (ETH) has fallen toward the $1,600 level, down over 3% on Wednesday as risk-off signs persist across key onchain metrics. The ETH Realized Price Lower Band, which has historically marked bear market bottoms for the top altcoin, suggests ETH has room for further downside before staging a proper upward move.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.