Cryptocurrencies Price Prediction: Currencies, Ripple & Dogecoin– American Wrap 23 January

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Disbelief running hot as cryptos ascend

The crypto market continues to consolidate after the unexpected rally witnessed in January. While many investors may be in disbelief of the crypto's potential, the technical analysis sheds light on previous bull run scenarios that align with the current.

Ripple Price Forecast: XRP rips open a new can of gains with $0.48 as the forecast target for the week

Ripple (XRP) price is starting the new week with a big bang as the top three cryptos all pop in a synchronised move higher. Crypto bulls are using a window of opportunity as the economic calendar this week is rather light, and the Fed policymakers are in their blackout period that precedes the first US Fed rate decision in February. With markets on the front foot, traders are enjoying some tailwinds emerging and headwinds waning a bit.

Dogecoin Price Forecast: DOGE set to hit a low-hanging fruit target of $1.00 as more upside doubtful

Dogecoin (DOGE) price is set to get another boost as markets are entering an area with good trading conditions that are granting some upside. Do not expect Dogecoin price to become an outperformer, but rather see it as a granted profitable trade with limited nearby price targets. As Fed speakers enter the blackout period and some lighter economic data comes out this week, the conditions look fine for a nice 13% gain.

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Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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