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Cryptocurrencies Price Prediction: Monero, Ripple & Bitcoin – Asian Wrap 13 August

Cryptocurrencies Price Prediction: Monero, Ripple & Bitcoin – Asian Wrap 13 August
FXStreet TeamFXStreet TeamFXStreet

Monero Price Forecast: Extends rally as derivatives metrics, technical signals turn firmly bullish

Monero (XMR) extends its gains, trading above $397 on Thursday after finding support around the key support zone the previous day. Strengthening derivatives metrics and a constructive technical outlook suggest momentum is building, hinting at a further rally for XMR.

Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds

Ripple (XRP) and Stellar (XLM) remain under pressure, with both altcoins correcting slightly so far this week. XRP nears the key $1.00 support zone on Thursday, while XLM trades below critical technical levels. Mixed derivatives and on-chain metrics suggest cautious sentiment, leaving both tokens vulnerable to further downside while offering hope for a potential recovery.

Crypto Market Overview: Bitcoin loses softer CPI gains – Virtuals Protocol, OKB rise

Bitcoin is trading in the red on Thursday, keeping a bearish near-term bias as it holds beneath a dense cap of the 50-day, 100-day, and 200-day Exponential Moving Averages (EMA) at $64,523, $66,718, and $73,303, respectively. Momentum indicators back this weaker tone, with the Relative Strength Index (RSI) hovering around 45 and the Moving Average Convergence Divergence (MACD) crossing below its signal line, suggesting that downside pressure remains dominant.

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Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds

Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds

Ripple and Stellar remain under pressure, with both altcoins correcting slightly. XRP nears the key $1.00 support zone on Thursday, while XLM trades below critical technical levels. Mixed derivatives and on-chain metrics suggest cautious sentiment, leaving both tokens vulnerable to further downside while offering hope for a potential recovery.

Crypto Market Overview: Bitcoin loses softer CPI gains – Virtuals Protocol, OKB rise

Crypto Market Overview: Bitcoin loses softer CPI gains – Virtuals Protocol, OKB rise

Bitcoin is trading around $63,000 after three consecutive days of losses. The US Consumer Price Index for July met market expectations of 3.4% the previous day, resulting in a mild rebound in BTC above $64,000, but it was lost later in the day, leading to a bearish close. Virtuals Protocol and OKB have emerged as top performers over the last 24 hours.

Bitcoin faces thin liquidity and missing demand amid seller stress — Glassnode

Bitcoin faces thin liquidity and missing demand amid seller stress — Glassnode

Bitcoin is showing signs of growing market exhaustion, with weakening liquidity and subdued demand leaving the market vulnerable to a sharp move, according to a Glassnode report on Wednesday. The firm stated that Bitcoin is trading between two important cost-basis levels as market activity has fallen to its lowest point since 2019.

Bitcoin shows early signs of bottom despite lingering market stress

Bitcoin shows early signs of bottom despite lingering market stress

Bitcoin (BTC) is showing several signs of a potential market bottom as multiple indicators show improving market conditions, according to CryptoQuant analysts. CryptoQuant data revealed that Bitcoin has produced a second early bull signal, a pattern that has historically appeared closer to market bottoms.
Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.