Cryptocurrencies Price Prediction: Ripple, Ethereum and Decentraland – European Wrap 17 December [Video]

FXStreet Team FXStreet

Ripple Price Forecast 2022: XRP to see double-digit price and reduced regulatory uncertainty

The cryptocurrency industry flourished in 2021 after going through a grueling year in 2020. The recovery has been nothing short of a miracle, as Bitcoin and many other cryptos hit a new all-time high. The adoption of digital assets, be it in the DeFi, NFTs or Metaverse market, has gone through the roof.

Ethereum price needs a swing low confirmation so ETH can rally to $4,500

Ethereum price is at an inflection point as buyers try to set up a bullish regime. If successful, ETH will likely trigger a short-term uptrend that can evolve into a bull rally under certain conditions.

Decentraland downtrend not over yet, overhead selling remains

Decentraland price is in a downtrend hitting lower highs over the past week. Analysts expect overhead selling to increase pressure on the metaverse token, driving the price lower.

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XRP falls toward $1.00 amid muted ETF activity

Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. This marks three consecutive days of losses, undermining investor interest and the broader optimism for a potential deal between the United States (US) and Iran to reopen the Strait of Hormuz.

Swiss-based Taurus gives banks access to Hedera via unified digital asset platform

Taurus, a Switzerland-based digital asset infrastructure provider, announced on Wednesday that it has extended its services, targeting banks and regulated financial institutions on the Hedera (HBAR) network. Meanwhile, HBAR is paring losses, trading above $0.0650 at the time of writing. The token shows signs of stability amid a broader bearish trend.

Crypto markets trade muted, lag risk rally

Whilst hopes for a US-Iran agreement to revive the Strait of Hormuz and renewed AI-trade optimism lifted US equities to all-time highs, major cryptocurrencies remained largely sidelined on Wednesday. Bitcoin and Ether hovered near $64,000 and $1,800, respectively, extending their recent period of consolidation rather than participating in a broader risk rally they would normally follow.

Crypto Today: Bitcoin, Ethereum advance while XRP lags amid US-Iran deal optimism

Bitcoin (BTC) hovers near $64,000 at the time of writing on Wednesday, buoyed by a marginal improvement in crypto sentiment amid growing optimism that the United States (US) and Iran could potentially reach an agreement to open the Strait of Hormuz this week. Ethereum (ETH) mirrors Bitcoin’s neutral-to-bullish outlook, trading toward $1,900.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.