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Cryptocurrencies Price Prediction: Ripple, Cardano and Ethereum – European Wrap 7 July

Cryptocurrencies Price Prediction: Ripple, Cardano and Ethereum – European Wrap 7 July
FXStreet TeamFXStreet TeamFXStreet

XRP price to retest $1 despite SEC vs Ripple case and massive escrow outflows

XRP price is consolidating in a tight range near the range low but eyes a move higher. A bounce from the immediate support barrier might propel Ripple into the high probability reversal zone.

XRP/USDT 4-hour chart

Cardano Price Prediction: ADA might pull back before catapulting to $1.60

Cardano price set up a swing low on June 22, which was followed by an exponential run-up that led to a steep pullback. Since the retracement, ADA has been on a slow uptrend.

ADA/USDT 4-hour chart

Ethereum price gears up for its upcoming ‘Triple Halving'

Ethereum enthusiasts are waiting for the delayed release of the London hard fork while trading with caution. The most notable Ethereum Improvement Proposals (EIP) in the upgrade is EIP 1559. This, combined with the transition to Proof-of-Stake (PoS) is considered equivalent to a “Triple Halving”. 

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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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