Cryptocurrencies Price Prediction: Ripple, Cardano & Bitcoin – American Wrap 03 August


Bitcoin Price Prediction: A fundamental line in the sand

Bitcoin price is having trouble propelling towards higher targets. The peer-to-peer digital asset has performed quite erratically during July as traders experienced shakeouts and fakeouts in both directions. Because of the unpredictable behavior, the Bitcoin price ascent looks rather congested. This subtle display of uncertainty can be viewed as a weakness of trend amongst technical analysts. An opportunity to short the digital asset could present itself in the coming weeks. 

Will XRP price sprout past $0.50 this week?

XRP price has, since its major drop in June, consolidated in a narrow range running from $0.30 to $0.40. This slow, unresponsive price movement saw investors take a hands-off approach, making XRP price recovery a challenge. However, the cross-border token may soon break out of the range, climb to $0.50 and then move to $1.00.

Cardano price gears up for 40% price rally after surpassing key milestone

RektCapital, a crypto analyst evaluated the Cardano price trend and noted that ADA price witnessed a recent breakout from a Falling Wedge chart pattern. This pattern usually occurs when the asset’s price is moving in an overall bullish trend before a correction. Cardano price is now expected to burst through the upper trend line, past $0.515 to begin a 40% rally. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

AI crypto coins rally ahead of ChatGPT creator OpenAI plans to announce Google search competitor on Monday

AI crypto coins rally ahead of ChatGPT creator OpenAI plans to announce Google search competitor on Monday

Barely before the hype around NVIDIA stock gain is over, AI crypto tokens have another bullish catalyst coming their way, which could provide more tailwinds to drive the price of the sector’s tokens.

More Cryptocurrencies News

Ethereum needs a bullish trigger, Joseph Lubin blasts the SEC

Ethereum needs a bullish trigger, Joseph Lubin blasts the SEC

Ethereum co-founder alleges that the SEC aims to stifle innovation through its enforcement actions against Ethereum-related companies. Grayscale CEO says he's optimistic the SEC would approve its spot ETH ETF application.

More Ethereum News

Franklin Templeton declares it’s  “Base Season” as the Coinbase low-cost L2 sees significant rise in activity

Franklin Templeton declares it’s  “Base Season” as the Coinbase low-cost L2 sees significant rise in activity

Franklin Templeton, an investment firm with up to $1.46 trillion in assets under management, has declared that “It’s Base Season.” It comes amid growing activity on the low-cost ETH L2 solution.

More Cryptocurrencies News

Binance fined by Canadian financial regulator over AML violations

Binance fined by Canadian financial regulator over AML violations

Canada's financial regulation body, the Financial Transactions and Reports  Analysis Centre (FINTRAC), has fined Binance for refusing to abide by the status quo for all foreign monetary bodies in the country, according to a report on May 9.

More Cryptocurrencies News

Bitcoin: Should you buy BTC here? Premium

Bitcoin: Should you buy BTC here?

Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.

Read full analysis

BTC

ETH

XRP