Cryptocurrencies Price Prediction: Ethereum, Cardano & Ripple – American Wrap 15 September


XRP price crash incoming as support weakens

XRP price faces significant downside pressure on its Point and Figure Chart. Triple-bottom pattern short entry setup warns of a big drop. 
A -20% move eyed by bears. XRP price faces a substantial move to the south if support does not hold. The near-term support on the $0.02/3-box reversal Point and Figure chart is the triple-bottom at $1.04. If XRP bulls fail to hold $1.40, look out below.

Cardano price could reach $8 if this accumulation fractal plays out

Cardano price has been accumulating for over a month now, hinting that a volatile move is incoming. This accumulation phase seems similar to the one seen between November 18, 2020, and January 5, 2021. Cardano price has been teetering above a crucial support barrier for over a month and shows signs of coiling up. This congestion could resolve into a massive bullish breakout, pushing ADA to new all-time highs.

Ethereum London Hard Fork fails to deliver as mass departure of dApps continues

Ethereum Improvement Proposal-1559  (EIP-1559) was one of the much-awaited improvement proposals that went live in the London Hard Fork. Since the protocol was expected to make gas fees more predictable, proponents expected an overall positive impact on the Ethereum ecosystem and Ether prices. 

 

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Dogecoin price action points to a continuation of the downside pressure it has experienced over the last month. Little supportive price action exists as bulls continue to disappear and fade away.

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XRP price in free fall below $1.00

XRP price continues to show extreme weakness as bears continue to drive bulls into very near capitulation levels. The current Ichimoku Kinko Hyo chart for XRP is the most bearish chart XRP has seen since May 2021. XRP price is at a make-or-break level.

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Cardano bulls bleed as they try to catch a falling knife

Cardano price is currently trading inside the Cloud within the Ichimoku Kinko Hyo system. This is because the Cloud represents an area of volatility and indecision, conditions that aptly describe the current condition of Cardano.

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Shiba Inu bulls can't hold SHIB from dropping to $0.000006

Shiba Inu price continues to follow the path of the aggregate crypto market. However, significant selling pressure over the past four days has weakened bulls' resolve and put significant pressure on any longs who entered the market about $0.00008.

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