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Cryptocurrencies Price Prediction: Hyperliquid, Ripple & Bitcoin – Asian Wrap 16 June

Cryptocurrencies Price Prediction: Hyperliquid, Ripple & Bitcoin – Asian Wrap 16 June
FXStreet TeamFXStreet TeamFXStreet

Hyperliquid Price Forecast: Institutional inflows fuel $70 breakout hopes

Hyperliquid (HYPE) extends a steady upward trend on Tuesday for the sixth consecutive day, approaching its $70 mark. Recurring inflow spikes in HYPE-focused Exchange Traded Funds (ETFs) reflect consistent institutional demand for the everything exchange token.

XRP and XLM outlook: Breakout hopes grow as bullish sentiment builds

XRP trades at $1.232 on Tuesday, up over 4% from the previous day. However, XRP is maintaining a cautious tone as the price remains below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $1.283, $1.376, and $1.582, respectively.

Crypto Overview: Bitcoin weighs BOJ interest rate hike to 1%, Uniswap and LayerZero sustain

Bitcoin maintains a mild bullish bias in the near-term following its rebound from $60,000 last week. Still, the price remains well below the 50-, 100-, and 200-day Exponential Moving Averages (EMAs), reflecting a broader downside trend. The loss of the previously rising trendline, now overhead around $72,753, reinforces the idea that the market has broken its prior uptrend.

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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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Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.