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Cryptocurrencies Price Prediction: Ripple, Bitcoin & Crypto – European Wrap 21 August

Cryptocurrencies Price Prediction: Ripple, Bitcoin & Crypto – European Wrap 21 August
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Ripple Price Forecast: Capital inflows lift XRP’s outlook as bulls target $1.50

Ripple (XRP) edges higher on Friday to trade above $1.40 as bulls aim for a continuation of the rally above $1.50. The remittance token is up by more than 12% on the day and over 40% since Monday, reinforcing the bullish outlook.

Meanwhile, the path of least resistance remains upward, supported by a very strong technical structure and capital inflows through spot Exchange-Traded Funds (ETFs) and derivatives.

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Bitcoin Weekly Forecast: The US Treasury saves BTC

Bitcoin (BTC) extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.  Rising demand from institutional investors supported the rally as well, with spot Exchange Traded Funds (ETFs) set to record the highest weekly inflow year-to-date this week, hinting at further lift to the ongoing Crypto King’s rally.

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The cryptocurrency bull market has begun

The cryptocurrency market continues to rally, gaining nearly 7% over the past 24 hours to reach $2.51T. Having risen by 18% since the start of the week, the market has demonstrated a dramatic shift in investor sentiment. Since hitting a low of $2.04T in early July, market capitalisation has risen by 24%, marking the formal start of the bull market. However, a negative correlation with the Nasdaq-100 persists, where sellers remain in control despite attempts by the US Treasury Secretary to reassure investors.

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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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Ripple tumbles as sell-side pressure intensifies

Ripple tumbles as sell-side pressure intensifies

Ripple edges lower and trades at $1.45 on Wednesday, as headwinds intensify across the crypto market. Major crypto assets remain in bearish hands, with Bitcoin falling below $84,000 and Ethereum below $2,800.

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Bitcoin’s correction follows a recent rejection due to supply around $87,200. Altcoins are generally in a correction trend, as Ethereum edges lower toward the next key support at $2,600 and Ripple extends its down leg near the $1.45 demand area.

Polygon extends decline as shutdown rumors fuel panic selling

Polygon extends decline as shutdown rumors fuel panic selling

Polygon is down nearly 5% on Wednesday, amid selling pressure linked to rumors of a network shutdown sparked by a social media post. Derivatives data shows a sell-side dominance as Open Interest declines 13% over the last 24 hours while funding rates flip negative.

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network (PI) continues to extend a bearish phase over the last seven days, risking a breakout below the $0.0800 round figure. The social chatter surrounding the PI token is on the rise, likely driven by investors’ fear.

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

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