|

Cryptocurrencies Price Prediction: Ripple, Binance & Cryptos – American Wrap 28 December

Ripple price to extend consolidation before next bold move as XRP fills up a triangle

Ripple (XRP) price has been an underperformer since early November, with what started as a downtrend, culminating to a multi-week consolidation. With the price action filling up a symmetric triangle, a big move may be underway for XRP price soon.
Terrorism facilitation among cryptocurrency exchanges has become a sensitive topic in the crypto scene after Binance and former CEO Changpeng Zhao (CZ) capitulated to the US Department of Justice (DoJ). The US Government called out the largest cryptocurrency exchange by trading volume over allegations of money laundering, bank fraud, and sanctions violations among other charges.
While some digital assets have stood the test of time, others have tumbled below the thousands of new digital currencies that exist today. 
Chart
 

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move
Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.