Cryptocurrencies Price Prediction: Ripple, Monero & Cryptos – European Wrap 2 October

FXStreet Team FXStreet

XRP open interest skyrockets as Ripple tests its stablecoin RLUSD

Ripple (XRP) has generated interest among derivatives traders as the payment remittance firm tests its stablecoin Ripple USD (RUSD). Ripple announced that the asset is awaiting regulatory approval and is geared toward institutions, not individuals. However, as the minting of RLUSD ramps up, there is a rise in open interest across derivatives exchanges.

Monero price falls below $150 as Kraken delists XMR in Europe amid regulatory changes

Monero (XMR) shows weakness trades in the red on Wednesday after losing over 6% the previous day. XMR dipped more than 10% at some point on Tuesday following Kraken’s announcement that it is delisting XMR trading in Europe, which supported this bearish move. Additionally, XMR’s long-to-short ratio shows that more traders anticipate the fall of the Monero price.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin dips below $61,000 amid escalating tensions between Israel and Iran

Bitcoin (BTC) and Ethereum (ETH) have closed below their key support levels, signaling a potential decline ahead, while Ripple (XRP) is retesting its crucial support level, with a break below likely indicating further downside.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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