Cryptocurrencies Price Prediction: Bitcoin, Ripple & Stellar – American Wrap 18 June

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Political fundraising goes digital, as BTC drops 12%

Bitcoin price has declined to the symmetrical triangle’s upper trend line after climbing 30% from the June 8 low, engaging the first support for the new rally attempt. Ethereum price failure at its symmetrical triangle support has raised the odds of a deeper decline moving forward. XRP price has not provided any directional clues, opting to remain range-bound.

XRP Price Prediction: Ripple fears of a major decline are unwarranted

XRP price remains locked in a range between the psychologically important $1.00 and the neckline of a multi-year inverse head-and-shoulders pattern at $0.76. However, a lack of technical clues leaves frothy forecasts on the sideline until directional confirmation can be gleaned from the charts.

XLM Price Forecast: Stellar accelerates decline, set to test $0.27

XLM price had been propped by the symmetrical triangle’s lower trend line and the 61.8% retracement level of the March 2020-2021 rally. However, the corrective bounce was limited, unaffected by the Bitcoin 30% rally. The result was a quick breakdown from the triangle and a double-digit decline, with Stellar now on the cusp of testing the May 23 low.

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