Cryptocurrencies Price Prediction: Cardano, Terra & Ripple — Asian Wrap 03 Mar

FXStreet Team FXStreet

Cardano price sets sight on $1.20 while ADA looks for a launchpad

Cardano price is struggling to move beyond a crucial support level even as Bitcoin consolidates. The recent uptrend faced rejection and is currently heading lower to look for a stable support level and trigger a new rally. ADA is likely to bounce off the $0.842 to $0.916 demand zone, triggering a 31% ascent to $1.20.

Terra outperforms all major cryptocurrencies, but LUNA pullback to $74 likely

Terra price has had a massive rally over the past week and a half. From the February 20, 2022 low of 47.30, LUNA has moved as high as $93.30, more than doubling LUNA in just ten days. However, the extreme of the move is now showing signs of exhaustion, and a pullback may be coming soon.

XRP coiled and ready to spring more than 33% despite continued SEC concerns

XRP price action was rejected from completing an Ideal Bullish Ichimoku Breakout on Monday and Tuesday but continued to push higher closes. XRP is now in between a constricted zone of support and resistance. A clear breakout has yet to occur but could be imminent.

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XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal.

Chainlink becomes top 20 best performer, 3 reasons behind the move

Chainlink (LINK) has become the best-performing asset in the top 20 this week, leading every other major cryptocurrency. The cryptocurrency jumped 10.18% to $8.71, its highest level since early June. Three major factors explain the double-digit rise over the past week.

Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains. Meanwhile, Ripple (XRP) hovers around $1.13, building on the reclaimed $1.10 critical level.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.