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Cryptocurrencies Price Prediction: Bitcoin, Stellar & Ripple – European Wrap 20 February

Cryptocurrencies Price Prediction: Bitcoin, Stellar & Ripple – European Wrap 20 February
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC consolidation continues as market prepares for the next major move

Bitcoin (BTC) has been consolidating between $94,000 and $100,000 since February 5. Glassnode reports weakening capital inflows and declining derivatives activity, with short-term holder accumulation resembling challenging market conditions. 

In an exclusive interview, YouHodler Chief of Markets Ruslan Lienkha told FXStreet that a prolonged high-rate environment adds selling pressure to the markets, making Bitcoin trade sideways without any clearly defined trend.

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Stellar Price Forecast: XLM’s Total Value Locked reaches over $62 million

Stellar (XLM) price trades inside a channel pattern; a breakout indicates bullish momentum. Crypto intelligence tracker DefiLlama data shows that XLM’s TVL reaches $62 million while the technical outlook projects a target of $0.74.

Stellar price trades inside a channel pattern formed by connecting multiple highs and lows with two trendlines from late November. This technical pattern breakout favors the bulls, and the target is generally obtained by measuring the distance between the first daily high and the first daily low to the breakout point. Moreover, XLM’s price has been retested, and support for its 200-day Exponential Moving Average (EMA) has been found at $0.284. At the time of writing on Thursday, it trades at around $0.343.

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XRP record gains as SEC acknowledges CoinShares, Canary and WisdomTree's XRP ETF filings

Ripple's XRP saw a 6% uptick above $2.70 in the early Asian session on Thursday following the Securities & Exchange Commission’s (SEC) accelerated acknowledgment of XRP ETF filings. Meanwhile, asset manager Hashdex could launch the world's first spot XRP ETF in Brazil after receiving the country's SEC-equivalent authority approval.

The SEC acknowledged XRP ETF filings from Nasdaq and Cboe BZX exchanges on behalf of CoinShares, Canary Capital and WisdomTree, respectively, per three separate Wednesday filings on the agency's website.

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XRP extends recovery as ETF inflows, futures interest stabilize

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Ripple (XRP) ticks higher, trading at $1.42 on Wednesday while building on a recently confirmed support range between $1.30 and $1.35. The token also sits above major moving averages, reinforcing the bullish outlook. However, upside could remain capped unless the psychological barriers at $1.50 and $1.70 are cleared, paving the way for an extended recovery above $2.00.
Crypto Today: Bitcoin, Ethereum, XRP regain strength as US Treasury doubles down on buybacks

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Bitcoin (BTC) is trending higher alongside other major cryptocurrencies on Wednesday. Ethereum (ETH) has reclaimed $2,500 as short-term support, raising the odds that the uptrend will gain momentum. Meanwhile, Ripple (XRP) shows signs of recovery, trading near $1.44 while supported by key moving averages.
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Zcash breaks above 2018 highs, eyes 1600–2500 [Video]

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Bitcoin: Gearing up for a sharp move

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