TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies Price Prediction: Ripple, Bitcoin & Solana — Asian Wrap 23 January

Cryptocurrencies Price Prediction: Ripple, Bitcoin & Solana — Asian Wrap 23 January
FXStreet TeamFXStreet TeamFXStreet

XRP price could gain nearly 12% as on-chain metrics signal recovery in Ripple

XRP price declined by 8% in the past week. The altcoin’s price has been in a downward trend since November 13, 2023. On-chain metrics signal a recovery in XRP price in the short term. Drivers of XRP’s price decline are likely slowing down and the altcoin has potential to recover. 

Bitcoin price recovery likely as miners add over $250 million worth of BTC to their reserve

Bitcoin price is potentially set to take a detour, much to the surprise of the bears, who were expecting further drawdown as signals indicate a recovery at hand. Much of this comes from the miners, who have historically acted as a strong signal of a probable rally.

SOL price could find inflection here as Solana Saga phone presale orders reach 40,000

Solana (SOL) price lost the support due to the confines of the ascending parallel channel on January 18, triggering a cascade of losses for SOL holders and culminating in the Layer 1 (L1) token breaching a critical support. The outlook may be due to change soon amid growing optimism in the network.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

XRP bulls retain control as whale demand breaks out

XRP bulls retain control as whale demand breaks out

Ripple (XRP) ticks higher on Wednesday and trades near $1.60, aligning with the broader crypto market’s bullish outlook. The token builds on a strong technical outlook, reinforced by uptrending moving averages and key momentum indicators.

NEAR partners with Ondo to bring tokenized US stocks, ETFs with confidential execution

NEAR partners with Ondo to bring tokenized US stocks, ETFs with confidential execution

Near Protocol announced a partnership with Ondo to bring tokenized US stocks and ETFs into one confidential account. The launch reflects NEAR Protocol’s focus on privacy as US regulators are making room for on-chain trading and purpose-built crypto market infrastructure.

Crypto Today: Bitcoin and Ethereum consolidate gains as XRP extends breakout

Crypto Today: Bitcoin and Ethereum consolidate gains as XRP extends breakout

Bitcoin is moderating on Wednesday, trading near $86,000 as the crypto market broadly consolidates. Ethereum mirrors BTC’s stable outlook, holding above $2,700. Ripple (XRP), meanwhile, edges higher for the sixth consecutive day.

Hyperliquid pulls back from record high as rally eyes $100

Hyperliquid pulls back from record high as rally eyes $100

Hyperliquid edges below $97 on Wednesday after hitting a record high of $98.03, following a 3% rise the previous day. DeFiLlama data shows Hyperliquid as the leading DeFi protocol by revenue, excluding stablecoins.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.