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Cryptocurrencies Price Prediction: Ethereum, Zilliqa and Ripple – European Wrap 10 May

Cryptocurrencies Price Prediction: Ethereum, Zilliqa and Ripple – European Wrap 10 May
FXStreet TeamFXStreet TeamFXStreet

Where to exit Ethereum before it crashes to $1,700

Ethereum price has sealed its bearish fate after breaching the consolidation pattern’s lower trend line on May 6. This development has worsened the situation and caused a steep correction for ETH.

ETH/USDT 1-day chart

Traders must be aware of this resistance cluster ahead of Zilliqa price

Zilliqa price is in a relief rally after undergoing a massive sell-off since April 1. This move, like many others, is likely to be temporary due to the overall negative market outlook and the way the technicals are positioned.

 
ZIL/USDT 1-day chart

XRP Price Prediction: Ripple has an opportunity window to rebound to $0.65

Ripple (XRP) price has sharply declined since last week as markets got shaken by disappointing and mixed earnings, as well as more geopolitical tensions. With that pressure, XRP price tanked from $0.65 to $0.48 and saw the Relative Strength Index (RSI) shoot deeply into oversold territory. A sharp rebound is materialising this morning as the dollar backs off, and several central banks are doing market interventions to support their local currencies against the dollar, which opens a window of opportunity for XRP price to reclaim a few levels and travel back to $0.65 by the end of this week.

XRP/USD daily chart

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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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