Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – European Wrap 6 June

FXStreet Team FXStreet

Bitcoin price prediction: BTC/USD stalled in the range, $9,200 remains unconquered – Bitcoin confluence

Bitcoin (BTC) resumed the recovery as the bears failed to push the price below $9,000. However, the coin hit the area marginally above $9,200 and retreated to $9,190 by press time. Obviously, the upside momentum is not strong enough to take the first digital asset out of the range.

Ripple Price Analysis: XRP/USD escapes the range, targets $0.1900

XRP/USD has jumped above $0.1800 and hit the intraday high at $0.1831 amid strong bullish sentiments. While the price retreated to $0/1824 by the time of writing, the upside momentum remains strong and may result in XRP/USD move towards the critical resistance created by $0.1900. Ripple's XRP is the fourth largest digital asset with the current market value of $8 billion and an average daily trading volume of $1.11 billion. The coin has gained about 3% of its value both on a day-to-day basis and since the beginning of the day.

Ethereum Price Prediction: The break of these two key trendlines shows ETH/USD is gearing up for a move towards $250

Ethereum is currently trading at $235 after a significant bull move climbing above the daily 12-EMA at $229.63 and the 26-EMA at $229.8. ETH/USD also cracked the $232.80 resistance established on July 1 as the last daily high which means the digital asset is now inside a daily uptrend.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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