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Cryptocurrencies Price Prediction: Ripple, Cardano & Bitcoin — Asian Wrap 05 July

XRP Price Prediction: Ripple evaluates 11% correction

XRP price has been on a slow uptrend as it ended a consolidation phase and is entering a high probability reversal zone. If the bullish swings continue,  Ripple is likely to enter this area and create a local top. If investors continue to book profit in this area, the reversal might push the remittance token toward the mid-point of the trading range.

Cardano Price Prediction: ADA bulls show strength, 15% advance likely

Cardano price breached through a pivotal barrier on July 4, indicating a resurgence of buyers. Although the upswing seems likely, a pullback might lead to a breakdown of the immediate support level will not invalidate the bullishness. On the other hand, a breakdown of $1..287 support will invalidate the bullish temporarily.

Bitcoin Price Prediction: BTC locks in on $40,000

Bitcoin price has been trading in a tight range since May 19. Although the range lows have been shifting lower, the range high seems to be untouched for more than a month. Therefore, the current impulsive move could end up setting up a new high since May 19.

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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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Crypto Today: Bitcoin, Ethereum, XRP trade under sustained selling pressure despite mild ETF inflows

Cryptocurrency prices remain under pressure as a risk-off mood persists on Friday, with Bitcoin consolidating its losses above $62,000. Altcoins, including Ethereum and Ripple, are extending their weakness, trading near lower support levels around $1,600 and $1.12, respectively.

Bitcoin Weekly Forecast: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit. A reactionary spike in on-chain activity and social chatter, reflecting a strength of community, but fails to absorb the price decline.

Arthur Hayes' “Holy Trinity” is dead: Exits Zcash after Orchard Pool exploit

Arthur Hayes dumped his entire Zcash holdings on Friday, a day after selling his HYPE and NEAR holdings. Zcash is down 13% so far on Friday, extending the 26% drop from the previous day.

Bitcoin: After the bloodbath, everyone looks at $60,000
Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.