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Cryptocurrencies Price Prediction: Bitcoin, Ripple & IOTA – American Wrap 27 May

Bitcoin Price Analysis: BTC/USD conquers $9,000, more barriers ahead – Confluence Detector

BTC/USD is changing hands at $9,150 amid short-term bullish bias with shrinking volatility. The sustainable move above $9,000 improved the short-term technical picture, though $9,300 still blocks the way and separates BTC bulls from a sustainable recovery. BTC/USD has gained over 3.5% in recent 24 hours, while its market share increased to 65.9%

Ripple XRP Price Analysis: Triangle formation break could give us signals for now 0.20 seems to be the resistance

Ripple's XRP has been trading higher on Wednesday as crypto sentiment improves. The price has now come up to a resistance point as the 55 Exponential Moving Average and the 0.20 psychological level join forces to stop the bulls. 

There is also a large triangle formation on the chart and a break could give us some great clues on the future path of the pair. Currently, the price has made a few lower high lower low waves and the downside looks like it has slightly less traffic. 

IOT/USD: IOTA Foundation launches decentralized health passport amid COVID-19

IOTA is the 24th largest digital asset with the current market value of $550 million and an average daily trading volume of $15 billion. The coin has gained nearly 3% both since the beginning of the day and in the recent 24 hours. At the time of writing, IOT/USD is changing hands at $0.1997.

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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 extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

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

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

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.