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Cryptocurrencies Price Prediction: Monero, Pepe & Dogecoin – European Wrap 21 May

Cryptocurrencies Price Prediction: Monero, Pepe & Dogecoin – European Wrap 21 May
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Monero rally in spotlight amid broader resurgence of interest in privacy-focused cryptocurrencies

Monero's (XMR) price surges to trade at around $362 on Wednesday, as consolidation takes centre stage in the broader cryptocurrency market. Interest in privacy-oriented coins like XMR has been gaining traction amid growing concerns about surveillance and scrutiny by regulatory authorities.

Pepe Price Forecast: Bullish momentum builds as open interest, funding rate support rally hopes

Pepe (PEPE) price trades higher by over 5% on Wednesday, trading around $0.000013, fueled by a rebound from a key support level. The rise in Open Interest (OI) and a shift to positive funding rates suggest growing trader confidence and potential for further upside. The technical analysis of the daily and weekly time frames indicates a potential double-digit gain for the frog-themed meme coin.

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Dogecoin and Shiba Inu Price Forecast: DOGE and SHIB show early signs of a bullish breakout

Dogecoin (DOGE) and Shiba Inu (SHIB) show early signs of a potential rally as both meme coins stabilize at key support levels. On-chain metrics for dog-themed meme coins show positive funding rates and dormant activity, reinforcing bullish sentiment. The technical outlook also supports the case for double-digit gains, setting the stage for renewed upward momentum in the dog-themed crypto duo.

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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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XRP recovery stalls as Ripple and Robinhood expand partnership scope

XRP recovery stalls as Ripple and Robinhood expand partnership scope

Technically, XRP is still in the woods, with the 50-day EMA limiting the token’s recovery potential. Ripple (XRP) faces short-term hurdles, trading around $1.33 on Wednesday.

Bitcoin reclaims $81,000 as traders await Fed policy decision, Big Tech earnings

Bitcoin reclaims $81,000 as traders await Fed policy decision, Big Tech earnings

Bitcoin reclaims $81,000 on Wednesday, extending its recovery as investors await the Fed’s policy decision and upcoming Big Tech earnings. Spot Bitcoin ETFs record an inflow of $175.99 million on Tuesday, marking a second consecutive day of inflows.

Crypto Today: Bitcoin, Ethereum, XRP recover ahead of Fed decision

Crypto Today: Bitcoin, Ethereum, XRP recover ahead of Fed decision

Bitcoin has renewed its advance above $81,000 on Wednesday, lifting sentiment across the cryptocurrency market ahead of the upcoming Fed's interest rate decision. Ethereum follows in Bitcoin’s footsteps. Ripple is similarly edging higher above $1.33.

Pi Network stalls as Core Team expands investment fund to Axis Robotics

Pi Network stalls as Core Team expands investment fund to Axis Robotics

Pi Network hovers around $0.0766 on Wednesday, holding steady after a roughly 2% rebound on Monday. Axis Robotics officially confirmed that it has received seed investment from Pi Ventures, which focuses on the technical integration of AI and robotics.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.