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Cryptocurrencies Price Prediction: Ethereum, Ripple & Chainlink – Asian Wrap 01 Feb

Cryptocurrencies Price Prediction: Ethereum, Ripple & Chainlink – Asian Wrap 01 Feb
FXStreet TeamFXStreet TeamFXStreet

Ethereum Price Analysis: ETH buyers keep lurking around 21-day SMA

ETH/USD steps back from the day’s high of $1,322 to $1,311, down 0.16%, during early Monday. The Ethereum buyers recently returned, like multiple times in the last one week, from 21-day SMA even as bearish MACD and a falling trend line from last Thursday challenge the upside momentum.

Ripple Price Analysis: XRP/USD consolidates recent gains below 0.50 but bulls keep the reins

XRP/USD eases from six-week top flashed during the weekend. XRP/USD drops to 0.4605, currently around 0.4705, during the latest downtick during early Monday. In doing so, the altcoin prints the third day of lower high amid overbought RSI conditions.

Chainlink Price Prediction: Bullish outlook remains intact with first target at $25

Chainlink notched a new record high at $25.84 on Monday and staged a deep technical correction all the way down to $20. However, buyers didn't have a difficult time retaking control of the price mid-week and LINK was last seen trading near $23.

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