Cryptocurrencies price prediction: Ethereum, IOTA, & Ripple – European Wrap – 17 March

FXStreet Team FXStreet

Ethereum Price Analysis: ETH/USD moves away from $100.00, heads to $120.00

Ethereum (ETH) stopped within a whisker of critical $100.00 and managed to recover to $117.00 by press time. The second-largest cryptocurrency has gained about 5% both on a day-to-day basis and since the beginning of the day as the market is back on recovery track after another painful sell-off on Monday.

IOTA Price Analysis: IOT/USD bulls fire at the 100 SMA resistance

IOTA price is moving side by side with the rest of the digital assets. Unlike Monday which saw volatility return and bleeding continued, Tuesday has witnessed calm and subtle recovery across the board. IOT/USD is trading at $0.1180 after growing in value by more than 6% on the day. While stability is taking center stage, Iota has corrected from an intraday high of $0.1220. The current trend has turned back to being bearish but the volatility remains high.

Ripple Price Analysis: XRP/USD locked in a range after wild price movements

Ripple's XRP attempted a recovery above $0.1500. The third-largest coin hit the intraday high at $0.1528, but the upside proved to be unsustainable as the price swiftly slipped back inside the previous range. At the time of writing, XRP/USD is changing hands at $0.1472, having gained about 5% both on a day-to-day basis and since the beginning of the day.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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