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Cryptocurrencies Price Prediction: Ripple, GMX and Cardano – European Wrap 21 February

Cryptocurrencies Price Prediction: Ripple, GMX and Cardano – European Wrap 21 February
FXStreet TeamFXStreet TeamFXStreet

Ripple Price Prediction: With some delay, XRP could print 25% gain in bullish climate

Ripple (XRP) price is increasing while US participants enjoy their additional day off. Markets seem to enjoy some risk on tone with cryptocurrencies on the front foot. Expect to see substantial buying into this week as bulls will want to take another stab at $0.42 breaking to the upside. 

XRP/USD daily chart

What do institutional giants know about GMX: Do Amber Group and Arca expect a 20% rally?

GMX, the native token of a decentralized exchange by the same name, yielded double-digit gains for holders over the past week. 

GMX/USDT price chart

Whale activity opens window of opportunity for traders in Cardano, HEX and the Sandbox

Large wallet investors on Cardano, HEX and the Sandbox increased their activity recently. Experts believe this could trigger a trend reversal in the altcoins, in the short-term. 

Cardano whale activity

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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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XRP holds bearish bias despite spot ETF inflows

XRP holds bearish bias despite spot ETF inflows

Ripple (XRP) retains a bearish near-term tone on Friday, falling toward the psychological support at $1.00. This follows renewed inflation concerns in the United States (US) after the Federal Reserve (Fed) left interest rates unchanged, as two members of the committee dissented in favor of a 25 basis point hike.
Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

The cryptocurrency market broadly corrects on Friday, as investors assess macro uncertainty and geopolitical tensions, which continue to escalate in the Middle East. Bitcoin (BTC) is trading below $64,000, down from the weekly high of $65,745. Altcoins such as Ethereum (ETH) and Ripple (XRP) are trading under increasing selling pressure below $1,900 and $1.10, respectively.
US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

The U.S. Treasury has sanctioned two Iranian firms behind a maritime insurance operation that accepted Bitcoin, saying the scheme forced commercial vessels to buy coverage to pass through the Strait of Hormuz and funnelled the proceeds to the Islamic Revolutionary Guard Corps.
Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin Weekly Forecast: 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.
Bitcoin: Bulls hold the line

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.