Cryptocurrencies Price Prediction: Ripple, Bitcoin & Crypto – European Wrap 22 November

FXStreet Team FXStreet

Ripple surges to a new yearly high; XRP bulls aim for three-year high of $1.96

Ripple (XRP) extends its gains by around 10% on Friday, reaching a new year-to-date high of $1.43 and hitting levels not seen since mid-May 2021. The main reasons behind the rally are the announcement that the US Securities and Exchange Commission’s (SEC) Chair Gary Gensler will resign and the launch in Europe of an XRP exchange-traded products (ETP) by asset management company WisdomTree.

Trump plans Bitcoin reserve, pro-crypto council

President-elect Donald Trump’s plan to establish a “Crypto Advisory Council” is making waves in the financial world. According to a recent report from Reuters, this council will oversee crypto policy, collaborate with Congress on legislation, and work towards creating a Strategic Bitcoin Reserve, an idea Trump championed during his campaign. The council would mark a significant step forward for the crypto sector, which has grown rapidly since Bitcoin's launch in 2008.

Crypto market buzzing in anticipation of regulatory change

Crypto market capitalisation surpassed $3.3 trillion, up 3.8% in the last 24 hours. Ethereum (+7.4%), Solana (+7.5%), XRP (+24%), and Cardano (+9.6%) provided traction.

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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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.

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