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Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & XRP – American Wrap 06 September

Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & XRP – American Wrap 06 September
FXStreet TeamFXStreet TeamFXStreet

Dogecoin likely in the accumulation phase with 20% DOGE wallets sitting on unrealized profits

Pseudonymous technical analyst, Poseidon, concluded that Dogecoin price is likely in its accumulation phase after analyzing the monthly, weekly and daily charts. On-chain metrics from IntoTheBlock reveal that 20.73% of DOGE wallet holders are profitable at the current price level.
DOGE/USDT weekly price chart on Binance
The Bitcoin (BTC) price seems set on doing the opposite of whatever the dollar index (DXY) does.
Chart
XRP is the crypto asset that will be used to power the international remittance service of banks that avail SBI Remit in three Asian countries. Japan’s largest remittance technology firm announced on Wednesday a new project which will enable the usage of XRP in remittance services for banks in the Philippines, Vietnam and Indonesia.

XRP/USD

Overview
Today last price0.4993
Today Daily Change-0.0059
Today Daily Change %-1.17
Today daily open0.5052
 
Trends
Daily SMA200.5179
Daily SMA500.6173
Daily SMA1000.5683
Daily SMA2000.5062
 
Levels
Previous Daily High0.5083
Previous Daily Low0.4989
Previous Weekly High0.5495
Previous Weekly Low0.4863
Previous Monthly High0.7082
Previous Monthly Low0.4294
Daily Fibonacci 38.2%0.5025
Daily Fibonacci 61.8%0.5047
Daily Pivot Point S10.5
Daily Pivot Point S20.4948
Daily Pivot Point S30.4906
Daily Pivot Point R10.5093
Daily Pivot Point R20.5135
Daily Pivot Point R30.5187
 

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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