Cryptocurrencies Price Prediction: Ripple, Bitcoin & Cryptos – American Wrap 27 August

FXStreet Team FXStreet

Ripple whales fuel XRP demand, buy 50 million tokens in 24 hours

Ripple (XRP) lost key support at $0.65 early in August. Since then the altcoin is trading sideways. Key market movers like whale accumulation, XRP supply distribution and on-chain activity are likely influencing the altcoin’s price.

Bitcoin price dips below $63,000 despite bullish on-chain metrics, ETF inflows

Bitcoin (BTC) continues to retrace on Tuesday after declining by 2.2% on Monday as it faced rejection around the daily resistance level of $65,400. The largest crypto asset trades near its 200-day Exponential Moving Average (EMA) around $62,000, a level from which it could stage a rebound supported by technical analysis and positive on-chain data such as a negative exchange netflow and a long-to-short ratio above one.

Crypto Today: Bitcoin eyes return above $65,000 as risk appetite returns to markets, while Ether, XRP struggle

Bitcoin touched $65,000, a key level on Sunday. The rally in the risk asset is likely a sign of returning risk appetite among traders. Comments from US Federal Reserve Chair Jerome Powell at Jackson Hole confirmed expectations for a potential rate cut in September, which has contributed to optimism among traders.

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FXStreet Team

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.