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Cryptocurrencies Price Prediction: Ripple, Cardano & VeChain — Asian Wrap 06 May

Cryptocurrencies Price Prediction: Ripple, Cardano & VeChain — Asian Wrap 06 May
FXStreet TeamFXStreet TeamFXStreet

Former US treasurer joins Ripple, laying the foundation for XRP price to double

XRP price opportunity began as an inverse head-and-shoulders pattern, but it has evolved into a bullish cup-with-handle base on the intra-day charts. Ripple’s compelling transformation has it on the cusp of a sizable rally, putting the all-time high at speculator’s fingertips.


 
Cardano Price Forecast: ADA sets the stage for a 50% advance

Cardano price has moved in a 50% trading range since the February high. ADA searching for a second wind as broader crypto market explodes higher. IOMAP data reveals tremendous support down to the middle of the trading range.

VeChain Price Analysis: VET consolidates before it launches an 80% rally

Vechain price is in preparation for an 80% gain from the current price as VET pursues the measured move target of a multi-year cup-with-handle base at $0.377. History repeats itself, and it is valuable to learn to use historical precedents in investing or trading. Cup-with-handle base measured move is 1,520%.

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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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XRP extends recovery as on-chain activity grows

XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).
Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal.
Chainlink becomes top 20 best performer, 3 reasons behind the move

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Chainlink (LINK) has become the best-performing asset in the top 20 this week, leading every other major cryptocurrency. The cryptocurrency jumped 10.18% to $8.71, its highest level since early June. Three major factors explain the double-digit rise over the past week.
Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains. Meanwhile, Ripple (XRP) hovers around $1.13, building on the reclaimed $1.10 critical level.
Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.