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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.

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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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