Cryptocurrencies Price Prediction: Crypto.com, Ripple and Ethereum Classic – European Wrap 23 August

FXStreet Team FXStreet

Last quarter forecasts from US banks spell trouble ahead for Crypto.com coin price action

Crypto.com coin (CRO) price action is seeing bulls not giving away their positions and trying to battle against the bearish price action that is holding on to cryptocurrencies. Although CRO price has been able to eke out four consecutive days of gains, any euphoria might be short-lived. Several US banks came out forecasting that cash is the best option going into the last quarter of 2022. That means plenty of investors are due to pull out their funds and drain the capital support for cryptocurrencies with another collapse unfolding.

This is how you can spot XRP price recovery and ride it

XRP price shows no interest to move higher or lower as it consolidates around a stable support level. Devoid of any directional bias, Ripple investors can attempt to open long positions after the liquidity present to the downside is collected.

Ethereum Classic price to produce a buy trigger before exploding 25%

Ethereum Classic price consolidates after forming a local bottom as Bitcoin price scrambles to find support. ETC's recovery depends on BTC potential upward bounce being triggered, which would be a sweep of the $20,750 support level. If successful, ETC could trigger an explosive move to fill the imbalance created during the recent crash.

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Dogecoin Price Forecast: Smart money flees DOGE, exposing a 12% downside risk

Dogecoin price hovers around $0.0850 at press time on Monday, keeping steady after a 5% rebound the previous day from the February 6 low at $0.08000. On-chain data show that large-wallet investors with 100 million to 1 billion DOGE have reduced their holdings to a five-month low, providing the downside pressure.

Cardano Price Forecast: ADA downtrend persists as bearish setup caps whale-backed rebound

Cardano remains under pressure, trading below $0.170 on Monday after a massive correction in the previous week. The bearish price action is supported by the uncertainty surrounding Charles Hoskinson’s remarks last week, which weighed heavily on market sentiment.

Crypto Overview: Zcash, Bittensor, and Ethereum stall after a mild rebound

The broader cryptocurrency market shows a stalled rebound after Friday's crash linked to the US Jobs data release. Bitcoin hovers above $63,000 at press time on Monday, while Zcash, Bittensor, and Ethereum emerge as top performers over the last 24 hours.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH breaks support, XRP weakens targets $1

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure at the start of this week after losing more than 14%, 15%, and 13%, respectively, in the previous week. BTC struggles below $63,000, ETH loses key support zones, while XRP’s momentum indicators continue to favor further downside.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.

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