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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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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs. 

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000. 

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.