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Cryptocurrencies Price Prediction: Ripple, Chainlink & Stellar – American Wrap 21 December

Ripple Price Prediction: XRP to retest $0.44 before the uptrend resumes

Ripple had a significant pullback after the SPARK airdrop ended on December 12, but managed to recover promptly. Now that the rest of the cryptocurrency market seems to be in consolidation mode, XRP bears are targeting $0.44.

Chainlink Price Forecast: LINK ready for 50% breakout if critical support holds

Despite the recent sell-off from $13.27 to $12.15, LINK bulls remain in control of the daily uptrend. Chainlink price established a higher high at $14.56 and a higher low at $12.31 compared to previous levels. Now, the decentralized oracles token needs to move above the 50-day SMA at $13 to advance further.

Stellar Price Analysis: XLM faces uphill battle as selling pressure mounts

Stellar is contained inside a symmetrical triangle pattern on the 12-hour chart. The digital asset has just defended the lower trendline support level at $0.165 and aims to rebound higher. The bulls need to reconquer the 50-SMA level as support.

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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 and XLM outlook: Bearish streak extends as risk-off mood erodes retail demand, ETF flows

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Billions in ETF outflows don’t bode well
Bitcoin (BTC) remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. In addition, sticky inflation and macroeconomic headwinds suppress the Crypto King’s upside potential. Institutional demand continues to weaken so far this week.