Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum Classic – European Wrap 2 June

FXStreet Team FXStreet

Bitcoin Price prediction: BTC/USD holds above $10,000 ahead of another breakout

Bitcoin price shot above $10,000 for the first time since the first week of May. A day before halving, Bitcoin dumped massively to levels close to $8,000. Recovery had been lethargic in the last two weeks, with resistance first at $9,000 and later at $9,700. However, Monday’s breakout above $10,000 paved the way for a flash rally to $10,410 (June highs). In the last 12 hours, Bitcoin has retreated but defended the ground above $10,000.

Ripple Chart Analysis: XRP/USD to target at daily SMA200, if $0.2100 holds

Ripple’s XRP settled above $0.2100 amid strong bullish momentum on the cryptocurrency market. At the time of writing, XRP/USD is changing hands at $0.2111. The coin has gained over 3% on a day-to-day basis and stayed unchanged since the beginning of the day, moving within a short-term bearish trend amid expanding volatility. The intraday high is registered at $0.2121, while the current intraday low is $0.2112. Ripple is now the third-largest cryptocurrency in the global cryptocurrency rating with the market capitalization of $9.3 billion and an average daily trading volume of $1.7 billion.

Ethereum Classic Update: ETC/USD has a potential to reach $8.00 if move above $7.00 is sustained

ETC discovered a bug that led to desynchronization of Parity Ethereum with ETC blockchain. The team has released a hotfix and asks all OpenEthereum node operators using this software to update to the latest version. The owners of Core-geth nodes were not affected.

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Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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