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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 21 Sep

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 21 Sep
FXStreet TeamFXStreet TeamFXStreet

Cryptocurrency market update: Major cryptos turn south toward the end of the week

Bitcoin rose above $11,000 on Saturday but lost its momentum after closing in on $11,200 (Fibonacci 38.2% retracement of July 21-August 18 uptrend) resistance. At the moment, BTC/USD is losing 2% on a daily basis at $10.863. On the down side, $10,800 (Fibonacci 50% retracement) aligns.

Ripple Price Analysis: XRP/USD struggles to hold above $0.25

Ripple (XRP/USD) rose above $0.2550 on Saturday but closed the day virtually unchanged at $0.2518. In Sunday's choppy market action, the pair edged lower and was last seen losing 0.85% on a daily basis at $0.2496. Ripple is up more than 3% on a weekly basis.

Ethereum Price Analysis: ETH/USD pares majority of weekly gains, trades near $370

Ethereum (ETH/USD) fluctuated in a relatively tight range on Saturday and came in under strong selling pressure on Sunday. As of writing, the ETH/USD pair was down 4.15% on a daily basis at $369.35. ETH/USD is still up modestly for the week.

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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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Ripple correction pauses, but recovery prospects remain limited

Ripple correction pauses, but recovery prospects remain limited

XRP hovers above the critical $1.00 support level but faces diminishing recovery potential. Binance XRP futures Open Interest falls to $189 million, the lowest level in three months.

Crypto Today: Bitcoin, Ethereum and XRP struggle to find footing amid spot ETF outflows

Crypto Today: Bitcoin, Ethereum and XRP struggle to find footing amid spot ETF outflows

Cryptocurrency prices are broadly consolidating near key lower support levels on Wednesday, led by Bitcoin, hovering around $74,000. Ethereum sits above $2,000 while its upside remains structurally capped. Ripple, meanwhile, holds delicately above $1.00.

Bitcoin at risk of sharp moves as leverage builds in derivatives markets

Bitcoin at risk of sharp moves as leverage builds in derivatives markets

Bitcoin remains in a capped tone, trading around $73,800 on Wednesday after slipping to a low of $72,727 following the previous day’s hot US inflation figures. Institutional demand continues to weaken, with BTC spot ETFs recording a $95 million outflow on Tuesday, marking the fourth straight day of withdrawals.

Chainlink holds at $10 as Moody’s Ratings completes CCIP testnet pilot

Chainlink holds at $10 as Moody’s Ratings completes CCIP testnet pilot

Chainlink edges higher on Wednesday, taking a breather after the previous day’s 3% decline. Moody’s Rating completes the testnet pilot on Chainlink’s CCIP to distribute credit assessment data across multiple blockchain networks simultaneously.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.