Cryptocurrencies Price Prediction: Ripple, Ethereum Classic and Cardano – European Wrap 30 August

FXStreet Team FXStreet

XRP price trap careless bulls before crashing to $0.28 as Ripple's legal trouble continues

XRP price shows no signs of a quick recovery, unlike other altcoins that have undone the recent crash. If and when the bounce does occur, there are also firm hurdles ahead that will likely trigger another sell-off in Ripple price, pushing it lower. While the techncials spell trouble for the altcoin, the legal battle between the SEC and Ripple seems to be ongoing without a conclusion since December 2020.

Ethereum Classic price eyes 30% crash as Merge-induced hype disappears

Ethereum Classic price shows a clear, persistent downtrend with distinctive lower highs and lower lows. The ongoing upward move will probably form a lower high and trigger another sell-off.

Cardano price provides a buy signal for a revisit of $0.530

Cardano price shows an affinity to move higher after sweeping the liquidity resting below the previously formed highs. If history is any indication, this is a clear buy signal for ADA investors looking to make a quick buck.

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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