Cryptocurrencies Price Prediction: Ripple, Bitcoin & MATIC – European Wrap 29 February

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Ripple accused of artificially boosting XRP price with bot activity, court documents allege manipulation

XRP price continued its rally towards the $0.64 target on Thursday. The altcoin climbed to $0.58, sustained above key support at $0.55, maintaining its uptrend. Crypto experts uncovered court documents that allege Ripple used bots, market maker GSR Markets did as directed and likely stabilized or pushed XRP price higher in 2015 and 2016.

Bitcoin and Ethereum funding rates surge to over two-year highs as bullish bets get costlier

Bitcoin’s (BTC) price rally to its 2024 peak of $64,000 has resulted in a spike in funding rates, pushing them to hit a 27-month high. Data from the centralized-exchange data platform Velo Data shows that the BTC rally has catalyzed a bullish sentiment in the futures market, which is likely to attract arbitrageurs and institutional investors.

Six reasons why Polygon’s MATIC price will make a comeback in 2024

MATIC price could be due for a major rally in the coming weeks for two main reasons: the circulating supply of Polygon’s token is now at 100%, and it is an Ethereum Layer 2 solution, which plays into the ongoing positive narrative for all Ethereum-related entities.

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XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal.

Chainlink becomes top 20 best performer, 3 reasons behind the move

Chainlink (LINK) has become the best-performing asset in the top 20 this week, leading every other major cryptocurrency. The cryptocurrency jumped 10.18% to $8.71, its highest level since early June. Three major factors explain the double-digit rise over the past week.

Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains. Meanwhile, Ripple (XRP) hovers around $1.13, building on the reclaimed $1.10 critical level.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.