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Cryptocurrencies Price Prediction: Ripple, AIOZ & Tron – European Wrap 21 August

FXStreet Team FXStreet

Ripple price is set for a rally as on-chain data shows a positive bias

Ripple (XRP) retested its 200-day Exponential Moving Average (EMA) and rose 6.7% on Monday. During Asian trading hours, it trades slightly higher by 1.2% at $0.606 on Tuesday.

Onchain data shows that XRP's open interest is rising, and long-to-short ratio is above one, signaling a bullish trend on the horizon.

Top three AI-related tokens yielding highest gains year-to-date: AIOZ, AR, FET

The Artificial Intelligence (AI) sector in the crypto market has a few protocols whose tokens have generated significant yields for users since the beginning of 2024. AI is one of the best-performing crypto asset classes in 2024, according to BlockWorks data.

Tron has climbed to a zone of turbulence

The crypto market once again failed to break through the $2.15 trillion cap mark, falling 2.3% to $2.1 trillion, almost back to where it started Tuesday. The top coins lost between 1.2% (Doge) and 3.3% (Ethereum, Toncoin). The main exception is Tron, which rose 10% in 24 hours.

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FXStreet Team

FXStreet

Pepe Price Forecast: PEPE risks 100-day EMA fallout as bullish interest fades

Pepe is under extreme selling pressure, trading in the red for the fifth consecutive day, down 1% at press time on Friday. Pepe’s decline following a 72% hike last week suggests a likely profit-booking phase, while on-chain data indicates declining network activity.

Top 3 Price Prediction: Bitcoin, Ethereum, and Ripple find key support, reviving rally hopes

Bitcoin, Ethereum, and Ripple steadied above key support levels on Friday after being rejected at mid-week resistance zones. The short-term recovery prospects remain intact if the top three cryptocurrencies by market capitalization hold these support zones.

Top Crypto Gainers: JasmyCoin, Polygon, and Monero continue upward trajectory

JasmyCoin, Polygon, and Monero extend gains over the last 24 hours. JasmyCoin struggles to surpass its key psychological resistance, while Polygon and Monero extend their recovery. Still, the technical outlook for these coins remains mixed as the broader cryptocurrency market stalls.

XRP slides as institutional and retail demand falters

Ripple (XRP) is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.