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Cryptocurrencies Price Prediction: Ripple, Ethereum Classic & Near Protocol — Asian Wrap January 12

Cryptocurrencies Price Prediction: Ripple, Ethereum Classic & Near Protocol — Asian Wrap January 12
FXStreet TeamFXStreet TeamFXStreet

XRP price eyes $0.700 despite SEC’s move to subpoena Ripple’s financial statements

Ripple (XRP) price is pushing north after establishing support over the past few days. With a budding recovery rally, the payments ecosystem is facing opposition from the US Securities and Exchange Commission (SEC), shifting the community’s attention from their aspirations for an XRP exchange-traded fund (ETF).

Ethereum Classic price tops out with a 15% correction likely underway for ETC

Ethereum Classic (ETC) price is among the biggest gainers, benefitting the most from the spot Bitcoin exchange-traded funds (ETFs) approval. The capital rotation from BTC to altcoins has favored some projects more than others, with ETC presenting among the biggest beneficiaries.  

Near Protocol price consolidation hints NEAR could retest $6.50 soon

Near Protocol (NEAR) price has shown incredible resilience to drawdowns despite the market volatility and short-term Bitcoin price crashes. As a result of this sideways movement, NEAR has set up a bullish continuation pattern that could result in a triple-digit breakout rally. 

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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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Zcash rally hits record high in a parallel channel amid network growth

Zcash rally hits record high in a parallel channel amid network growth

Zcash rally continues to scale higher, trading above $1,600 on Wednesday after a 10% jump the previous day. The privacy-focused token witnesses a surge in shielded activity, recording the highest weekly total since 2022, while Grayscale’s ZEC-focused fund logged over $30 million in inflows on Tuesday.

Bitcoin Cash, BitcoinSV, and LayerZero rallies push higher

Bitcoin Cash, BitcoinSV, and LayerZero rallies push higher

Top altcoins, including Bitcoin Cash, BitcoinSV, and LayerZero, are up in double digits over the last 24 hours, suggesting a potentially stable upward trend. BCH reclaims the $300 threshold, scaling to a three-month high while BSV and ZRO are trading at their annual and four-month highs, respectively.

Bitcoin steadies after strong rally, Ethereum and XRP ease into consolidation

Bitcoin steadies after strong rally, Ethereum and XRP ease into consolidation

Bitcoin, Ethereum, and Ripple bulls take a breather mid-week after gains of 6%, 4%, and 13% so far this week. BTC consolidates at $86,300, ETH hovers around $2,751, and XRP is at $1.57. The price action of these top three cryptocurrencies suggests bulls remain in control.

Ethereum holds above $2,700 as investors continue bullish positioning

Ethereum holds above $2,700 as investors continue bullish positioning

Ethereum held above $2,700 on Tuesday after starting the week on a positive note. The top crypto stretched its 7-day gains to 14% after energy prices and the US 10-year Treasury yields dipped on Monday.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.