Cryptocurrencies Price Prediction: DOGE, SafeMoon & Ripple – European Wrap 21 December [Video]

FXStreet Team FXStreet

Elon Musk gives Dogecoin another life but DOGE is bent on triggering a 50% crash

Dogecoin price is hovering around a crucial support floor that will make or break the meme coin’s future. If price pierces below this level it could trigger a massive downtrend. There is a small chance buyers might sidestep this bearish fate if they can push DOGE to produce a higher high and flip the narrative to bullish.

DOGE/USDT 1-day chart

SafeMoon price lacks momentum, but a buy signal will arrive soon

SafeMoon price has seen its recovery stop dead in its tracks as it has been stuck in a consolidation since December 13. The sideways movement will likely dip lower to stable support levels before heading higher. This brief retracement can be used by sidelined buyers to accumulate SAFEMOON.

SAFEMOON/USDT 4-hour chart

Ripple long-term investors bet on XRP, expect bias lawsuit against SEC to succeed

Long-term investors expect Ripple to catch a break as a non-profit watchdog brings bias allegations against the SEC. Ripple’s success in the lawsuit filed by the SEC could trigger a bull run in the altcoin.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

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

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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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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