Cryptocurrencies Price Prediction: Bitcoin Cash, Ripple & Uniswap – American Wrap 17 February

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Bitcoin Cash Price Forecast: BCH is on the verge of a 19% downswing towards $560

Bitcoin Cash price has been slowly climbing from a low of $601 on February 15 to $719 at the time of writing but could be on the verge of collapsing. There are many indicators that show BCH is extremely bearish and awaits a 19% downswing.

Ripple Price Forecast: XRP is about to breakout to $0.65

After a significant rebound from its local bottom at $0.30, XRP has managed to hit $0.64 again thanks to an initial pump that started on January 30 from the WallStreetBets community on Reddit. Ripple price is ready for another leg up as technicals scream buy.

Uniswap Price Prediction: UNI at risk of falling towards $14 as whales go into a selling frenzy

Uniswap has been trading inside a strong uptrend since December 2020. However, in the past week, there has been a significant shift in momentum in favor of the bears which are looking for a massive 25% breakdown.

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Aave Price Forecast: AAVE surges as capital flows return to DeFi

Aave (AAVE) extends its rally, trading above $81 on Thursday after closing above its key resistance and surging more than 10% the previous day. The bullish move is supported by improving on-chain metrics, with USDT deposits flowing back into the protocol and strengthening its lending ecosystem.

Crypto Market Overview: Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

XRP Price Forecast: Ripple and SBI Group partner to launch RLUSD in Japan

Ripple remains under pressure, trading at $1.06 after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency on Thursday, but the move failed to lift sentiment.

Ethereum Price Forecast: ETH could see a 30% decline if history repeats

Ethereum (ETH) has fallen toward the $1,600 level, down over 3% on Wednesday as risk-off signs persist across key onchain metrics. The ETH Realized Price Lower Band, which has historically marked bear market bottoms for the top altcoin, suggests ETH has room for further downside before staging a proper upward move.

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.