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Cryptocurrencies Price Prediction: Ripple, Ethereum & Stellar — Asian Wrap 02 December

Cryptocurrencies Price Prediction: Ripple, Ethereum & Stellar — Asian Wrap 02 December
FXStreet TeamFXStreet TeamFXStreet

Ripple's XRP crosses $100 billion market cap following high expectations for its stablecoin and ETF approvals

Ripple's XRP rallied near the $2 mark on Friday after rumors of New York regulators approving the company's RLUSD stablecoin surfaced. The growing demand for an XRP exchange-traded fund (ETF) could also accelerate its launch in 2025.

Ethereum Price Forecast: ETH eyes yearly high resistance of $4,093 amid heightened interest among US traders

Ethereum (ETH) is trading near the $3,600 level on Friday and could stage a rally to test its yearly high resistance of $4,093. The rally is fueled by ETH Chicago Mercantile Exchange (CME) open interest growth and a rise in USDT supply on the Main chain.

Stellar Price Forecast: Eyes for further gains as bounces off support level and bullish on-chain metrics

Stellar (XLM) experienced a pullback in the first half of the week but recovered in the second half and is trading around $0.54 on Friday, after rallying more than 170% and reaching levels not seen in over three years in the previous week. This bullish outlook is further supported by rising Open Interest (OI) and Total Value Locked (TVL) to record levels, indicating a further rally.

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