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Cryptocurrencies Price Prediction: Polkadot, Bitcoin & Ripple — Asian Wrap 21 Feb

Cryptocurrencies Price Prediction: Polkadot, Bitcoin & Ripple — Asian Wrap 21 Feb
FXStreet TeamFXStreet TeamFXStreet

Polkadot price sees positive divergence spelling bullish outlook for next week

Polkadot is set to close the week with a clear rejection from the upside at $20.50. With the start of a new week, the price looks set to stay above $17, as the downtrend is still intact for now. Expect a bullish breakout as bulls keep buying the dips and are set to a 100% gain.

Bitcoin bulls get pushed against monthly pivot, but $50,000 is still on the card for next week

Bitcoin price takes heavy water as the ship is caught in a storm on financial waters. Next week, the BTC price looks set to jump to $50,000 in two phases, depending on a relief rally. In the process, market participants can make a small 20% gain.

XRP keeps its eyes on $1.00, a 25% profitable trade

Ripple (XRP) price action saw a solid bounce off the 55-day Simple Moving Average but got a rejection earlier in the week against the green ascending trend line at $0.86. As both sides get served, expect the price to get squeezed in from both sides with a breakout for next week that could go to $1.00 depending on the positive news and de-escalation in Ukraine.

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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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