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Cryptocurrencies Price Prediction: Polygon, Ripple & Bitcoin – American Wrap 08 April

Cryptocurrencies Price Prediction: Polygon, Ripple & Bitcoin – American Wrap 08 April
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Road to $52,000 is paved

Bitcoin price is at an interesting point in its journey over the past three weeks. After breaching a massive hurdle, BTC continued heading higher but has retraced over the last three days. Despite the recent drawdown, BTC has a high probability of an uptrend.

XRP price portrays bullish vengeance aiming for $1

XRP price has seen better days as the digital remittance token failed to reach $1 last month. Analysts at FXstreet did manage to foresee the sell-off coming, noticing sudden changes in price and volume behavior. It seems there was a reason for all the erratic price fluctuations for XRP lately. 

MATIC price screams sell as bears target $1.15

Polygon price is currently trading at $1.50 within a previous demand zone. Last week’s bullish thesis mentioned that MATIC price could find a bottom between the $1.55 and $1.65. The uptrend invalidation was set at $1.55. Now that the MATIC price has completely invalidated the extended target, the MATIC price hints that a larger selloff may be underway.

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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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