Cryptocurrencies price prediction: Bitcoin, Ripple & Monero - Asian Wrap 21 Oct


Bitcoin price analysis: BTC/USD brushes shoulders with $8,300, where to next?

Bitcoin bears finally gave in to the advances of the buyers on Sunday towards the end of the American session. The world’s largest crypto spiked making a comeback above $8,000 after testing $7,800.

 

Ripple price analysis: XRP/USD lock-step trading hinders progress

Ripple bulls are pushing for recovery after a brief dive towards the $0.28 support area. On the upside, movement above $0.30 has proved to be unsustainable. The sellers are largely in control especially with the 50 Simple Moving Average (SMA) on the one-hour chart inching closer to the 100 SMA.

 

Monero price analysis: XMR/USD breaks away from the rest

The cryptocurrency market is mostly in red. However, a few selected cryptocurrencies led by Monero (XMR) are in the green. XMR has broken away from the rest with a remarkable bullish move that has seen in gain more than 1% on Sunday.

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Bitcoin's price to follow the hash rate increase if the history is any guide

Bitcoin hit the highest level of 2020 at $9,184 on Sunday ant retreated to $8,638 by the time of writing. The first digital asset has lost 4.6% of its value in recent 24 hours.

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Ripple may be ready for another bull's run as BitPay adds XRP support

Ripple's XRP, now the third-largest digital asset with the current market value of $10.1 billion has lost nearly 6% in recent 24 hours.

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DASH/USD drops 30% from 2020 peak as bulls lose their mojo

Dash was among the biggest gainers in the January 2020 bull-run. From the December low around $38, the price spiked remarkably, breaking numerous barriers.

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LTC bulls are not ready to regain initiative

Litecoin, the 7th largest digital coin with the current market value of $3.6 billion, lost over 6.5% in the recent 24 hours amid global correction on the cryptocurrency market.  

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BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Bulls piggy-back on altcoins rally

This week was marked by a strong altcoins rally on the cryptocurrency markets. Bitcoin SV (BSV) and Dash experienced the sharpest price increase over 100% in recent seven days...

Read the weekly forecast

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