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Cryptocurrencies Price Prediction: Ripple, Cryptos & Pi Network – American Wrap 01 September

Cryptocurrencies Price Prediction: Ripple, Cryptos & Pi Network – American Wrap 01 September
FXStreet TeamFXStreet TeamFXStreet

Ripple Price Forecast: Why XRP could defy September's bearish sentiment

Ripple (XRP) exhibits weakness in its technical structure on Monday amid concerns in the broader cryptocurrency market that September is historically a bearish month. 

XRP, BNB and Solana brace for a bearish September 

XRP, BNB and Solana prices have been in a decline the past seven days. Traders are concerned about the market-wide correction in crypto. The sentiment indicator called the Fear & Greed Index shows traders have turned “fearful,” a sign of a bearish outlook. 

XRP/USDT daily price chart

Pi Network Price Analysis: Bearish pattern deepens as CEX outflows rise

Pi Network (PI) edges lower by 3% at press time on Monday, extending the 8% drop from Sunday within a bearish pattern on the daily chart. The downfall aligns with the stagnation in trading volume, suggesting a cooling off in traders’ activity.  However, a significant net outflow from the centralized exchanges' (CEXs) wallet balances in the last 24 hours signals confidence among traders.

 

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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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