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Cryptocurrencies Price Prediction: Ripple, Bitcoin & Aave – European Wrap 25 June

Cryptocurrencies Price Prediction: Ripple, Bitcoin & Aave – European Wrap 25 June
FXStreet TeamFXStreet TeamFXStreet

Ripple holders realize over $30 million in losses in the past ten days, XRP fails to recover

Ripple’s price (XRP) struggles to hold above $0.48 on Tuesday and seems ready to extend its recent decline. According to Santiment data, investors have realized losses on their token holdings in the past ten days. This is typical of market capitulation, with traders likely distributing their tokens at a loss and expecting a decline in the asset’s price. 

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Bitcoin ticks up after dip driven by ETF outflows, Mt. Gox's plan to repay creditors

Bitcoin (BTC) price rebounds slightly on Tuesday, hovering around $61,000, after dipping 4.6% on Monday, when it broke below the descending wedge pattern. Mt.Gox's announcement of Bitcoin and Bitcoin Cash repayment to creditors in July coincided with a $174.5 million outflow from Bitcoin spot ETFs, marking seven consecutive days of continuous outflows.

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Aave price poised for an 17% rally after rebounding in key support area

Aave (AAVE) price surged 10% following a retest of its critical support area on Monday, now trading 6% higher on Tuesday near $92.00. Recent on-chain data indicates a market capitulation event on June 22, alongside a rise in daily active addresses, suggesting bullish momentum in the days ahead.

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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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