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