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Cryptocurrencies Price Prediction: Bitcoin, Shiba Inu and Ripple – European Wrap 31 August

Cryptocurrencies Price Prediction: Bitcoin, Shiba Inu and Ripple – European Wrap 31 August
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto recovery rallies have unfinished business

Bitcoin price shows that the recent sell-off was quickly undone as bulls came to the rescue. This development was well received by altcoins, including Ethereum and Ripple, which have also experienced quick recoveries.

BTC/USD 1-hour chart

Shiba Inu price may provide a once-in-a-bear-market opportunity

Shiba Inu price hovers around a stable support level formed over the last three months. A breakdown of this barrier could trigger a steep correction that could provide one of the best trading opportunities in this bear market. 

 
SHIB/USDT 4-hour chart

XRP Price Prediction: This bearish continuation pattern could trigger a 70% crash

XRP price reveals a massive bearish setup that could ruin its recovery rally, especially if bulls fail to invalidate it. Therefore, investors need to exercise caution as this outlook is in line with the macro bearish structure of the crypto market.
XRP/USDT 1-day chart

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.