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Cryptocurrencies Price Prediction: Ripple, Cosmos & Binance – American Wrap 18 May

Cryptocurrencies Price Prediction: Ripple, Cosmos & Binance – American Wrap 18 May
FXStreet TeamFXStreet TeamFXStreet

Ripple vs. SEC: Pro-XRP lawyer on how “total victory” can be assured

One of the biggest driving factors for the XRP price rally or decline is the ongoing lawsuit Ripple is facing against the Securities and Exchange Commission (SEC). The recent development in the case in favor of the cryptocurrency has presented an optimistic outlook for investors who are looking forward to bullish price action.
XRP/USD 1-day chart

Cosmos (ATOM) price is heading further away from the important 55-day Simple Moving Average (SMA), which has acted as quite a good guideline in the past few weeks and months. As that happens, price action is as well trading outside the pennant that has been going on since 2022. Although this looks like a bear trap, bulls could end up being the ones that get pushed out of their position with ATOM dropping 20%.

ATOM/USD  weekly chart 
The largest cryptocurrency exchange by trade volume, Binance, is gearing up to establish its dominance in the DeFi landscape with the launch of Ethereum-wrapped Beacon Ether (ETH-wBETH) liquidity pool on Curve Finance. 
BNB/USD one-day price chart
 

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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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