Cryptocurrencies Price Prediction: Ripple, Jupiter & Ethereum – Asian Wrap 09 July

Ripple and Stellar outlook: Extend downside as weakening technicals, US‑Iran tensions pressure prices

Ripple (XRP) and Stellar (XLM) extend losses on Thursday, correcting over 6% and 10%, respectively, so far this week. XRP falls below $1.090, while XLM posts a fifth consecutive day of correction and closes below key support levels. The bearish sentiment is further strengthened by renewed tensions between the US and Iran, dampening risk appetite and heightening the risk of deeper corrections for these altcoins.

Crypto Market Overview: Bitcoin eyes $60,000 – Jupiter and Pi Network lead losses

Bitcoin (BTC) is extending its losses on Thursday for the third consecutive day amid renewed tensions between the US and Iran. Risk-off market sentiment intensifies, with Jupiter (JUP) and Pi Network (PI) emerging as the biggest losers over the last 24 hours. CoinMarketCap's Crypto Fear and Greed Index is at 26 on Thursday, down from 29 on Monday, indicating a clear increase in risk-off sentiment.

Ethereum Price Forecast: Bulls reclaim dominance, but buying remains weak

Ethereum (ETH) has slowly seen a return of bullish dominance over the past few days after a lengthy period of bearish pressure. However, buying pressure remains weak despite registering nearly a 10% gain since the beginning of the month. The Net Unrealized Profit/Loss (NUPL) metric has eased from -0.46 to -0.30, indicating that while recent price gains have reduced investors' losses, their holdings remain underwater. A larger price gain, fueled by strong buying pressure, will be needed to lift those holdings back into profit territory.