Cryptocurrencies Price Prediction: EOS, Bitcoin & Ripple – European Wrap 19 May

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EOS uptrend falters ahead of token swap despite Vaulta’s DeFi TVL soaring to $246 million

EOS price slides on Monday to approximately $0.75, erasing a minor uptick on Sunday, while extending the drawdown from the May 10 high at around $0.99. The EOS network rebranded to Vaulta in the first quarter, paving the way for a web3 banking platform. Investors and cryptocurrency exchanges are preparing for the token swap from EOS to Vaulta (A), which is expected to start on May 26.

Bitcoin Price Forecast: BTC gives up weekend gains, signaling potential bull trap as momentum weakens

Bitcoin (BTC) starts the week on a weaker note, falling by more than 3% to around $103,000 at the time of writing on Monday after briefly rallying over the weekend. The price action has raised concerns among traders about a potential bull trap, especially as momentum indicators show early signs of exhaustion. Despite continued positive corporate and institutional flows in the form of spot Bitcoin Exchange Traded Funds (ETFs) and Meta Planet’s accumulation, bearish sentiment appears to be gaining ground in the short term.

XRP price offers mixed signals as broader cryptocurrency market swings between support and resistance

Ripple (XRP) price hovers at around $2.31 on Monday, extending its gradual drawdown from last week’s high of $2.65, as the broader cryptocurrency market swings between gains and losses amid shifting investor sentiment. A resumption of the uptrend towards $3.00 could gain bullish momentum after Ripple announced a strategic partnership with United Arab Emirates (UAE)-based Zand Bank and Mamo, adding its exposure to the region after securing the Dubai Financial Services Authority (DFSA) license in March.

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FXStreet Team

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Aave Price Forecast: AAVE surges as capital flows return to DeFi

Aave (AAVE) extends its rally, trading above $81 on Thursday after closing above its key resistance and surging more than 10% the previous day. The bullish move is supported by improving on-chain metrics, with USDT deposits flowing back into the protocol and strengthening its lending ecosystem.

Crypto Market Overview: Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

XRP Price Forecast: Ripple and SBI Group partner to launch RLUSD in Japan

Ripple remains under pressure, trading at $1.06 after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency on Thursday, but the move failed to lift sentiment.

Ethereum Price Forecast: ETH could see a 30% decline if history repeats

Ethereum (ETH) has fallen toward the $1,600 level, down over 3% on Wednesday as risk-off signs persist across key onchain metrics. The ETH Realized Price Lower Band, which has historically marked bear market bottoms for the top altcoin, suggests ETH has room for further downside before staging a proper upward move.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.