Cryptocurrencies Price Prediction: Ripple, DeXe & Ehtereum – Asian Wrap 07 July
Ripple and Stellar outlook: XRP stalls at key resistance, XLM rally loses steam
XRP price trades at $1.1393 on Tuesday, maintaining a bearish near-term tone as it remains below the 50-day Exponential Moving Average (EMA) at $1.1820, the 100-day EMA at $1.2834 and the longer-term 200-day EMA at $1.4912. The downward parallel channel offers a modicum of structure, with price holding above its lower band around $1.1054, while the Relative Strength Index (RSI) hovers near a neutral 51, and the Moving Average Convergence Divergence (MACD) stays in positive territory but shows a slight loss of momentum, hinting at a capped recovery rather than a decisive trend reversal.
Crypto Market Overview: Bitcoin loses steam around $63,000 – DeFi tokens rally
DeXe trades above $27 at press time on Tuesday, extending its bullish run as price holds well above both the 50-day EMA at $19.42 and the 200-day EMA at $12.36. This stacked configuration of short- and long-term EMAs below the market suggests a firmly supported uptrend. The RSI near 69 hints at strong, borderline overbought momentum, while the MACD extends higher into the positive territory, reinforcing the constructive bias.
Ethereum Price Forecast: BitMine expands ETH accumulation amid crypto treasury pressure
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) scooped 42,197 ETH last week, extending its weekly accumulation streak of the top altcoin. The purchase has pushed the company's total ETH holdings to 5.74 million ETH worth roughly $10.27 billion at the time of writing.
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