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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 29 Jan

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 29 Jan
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC bulls battle key short-term resistances above $34,000

BTC/USD rises to $34,167 while flashing a two-day winning streak during early Friday. The crypto major has been on a recovery move after taking a U-turn from $29,239 on Friday and is currently attacking a short-term resistance line and 100-bar SMA, from January 14.

Ripple Price Analysis: XRP buyers confront short-term key SMA to regain 0.2700

XRP/USD rises to 0.2717 amid early Friday’s trading session. In doing so, the altcoin refreshes intraday top while extending the recovery moves from a swing low of 0.2440 marked on Wednesday. Multiple resistance lines stand tall to challenge bulls. 

Ethereum Price Prediction: ETH scarcity will drive the digital asset to $2,000

Ethereum price has been under consolidation after establishing a new all-time high at $1,475 which wasn’t quite convincing. ETH dropped to $1,207 but has rebounded and it’s currently trading at $1,338. ETH faces very little resistance to the upside and can quickly establish a new all-time high.

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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 Price Forecast: XRP trades sideways as Ripple targets 10 million agentic AI transactions

XRP Price Forecast: XRP trades sideways as Ripple targets 10 million agentic AI transactions

Ripple (XRP) is losing momentum on Thursday, albeit gradually, trading above $1.13. The remittance token tagged a weekly high of $1.16 on Tuesday, with gains mainly attributed to developments on the United States (US) Clarity Act and recent signs that inflation is easing in the world’s largest economy.
Crypto Today: Bitcoin, Ethereum, XRP trim gains despite resilient ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP trim gains despite resilient ETF inflows

Cryptocurrency prices are trending lower on Thursday, pressured by renewed inflation concerns stemming from ongoing tensions between the United States (US) and Iran and persistently elevated Oil prices. Bitcoin (BTC) is approaching short-term support at $65,000, with upside resistance remaining firm at $67,000.
Worldcoin Price Forecast: WLD steadies as multiple bullish signals line up

Worldcoin Price Forecast: WLD steadies as multiple bullish signals line up

Woldcoin (WLD) price trades around $0.3838 at press time on Thursday, extending a consolidative tone capped beneath the 50-day Exponential Moving Average (EMA) at $0.4141. WLD token emissions are scheduled to drop by 43% from Friday, reducing supply pressure. Retail activity in WLD derivatives remains firm, with a 40% rise in trading volume and elevated funding rates.
Dogecoin Price Forecast: DOGE nears yearly low as risk appetite fades

Dogecoin Price Forecast: DOGE nears yearly low as risk appetite fades

Dogecoin (DOGE) extends its decline on Thursday, approaching its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Escalating US-Iran conflict and fresh Houthi threats have dampened risk appetite, weighing on speculative assets such as DOGE. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.
Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.