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Cryptocurrencies Price Prediction: Bitcoin,Ripple & Terra — American Wrap 04 April

Cryptocurrencies Price Prediction: Bitcoin,Ripple & Terra — American Wrap 04 April
FXStreet TeamFXStreet TeamFXStreet

Ripple price shows signs of imminent 20% upswing as fundamentals scream ‘Buy now'

Ripple (XRP) price has been going fast and hard in both directions this past trading week with a greater than 35% price swing from top to bottom in seven trading days. As XRP price dropped after heavy profit-taking, the price looks to be rebounding now. With clear technical support identified and the relative Strength Index (RSI) below 50, XRP’s charts are screaming to buy now before it hits $0.5852 again on the topside.

XRP/USD  4H-chart    
Bitcoin network’s fourth halving is expected to occur in March 2024, this is when block rewards will be slashed in half from 6.25 BTC to 3.125 BTC. Analysts consider the current scenario, the macroeconomic outlook, US regulators’ sale of BTC and the regulatory crackdown as the “death spiral” of Bitcoin miner profitability and BTC price. 
 
Terra Luna Classic (LUNC) price is finally moving in calm surroundings as traders are being met with a more stable price action behavior. LUNC sees its price action underpinned near $0.00012000, and that means some good news for bulls who venture to join in. With these trading conditions,  a retest of April’s high is a sure thing, bearing a 5% gain and possibly more. 
LUNC/USD  4H-chart    

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FXStreet Team

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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