Cryptocurrencies Price Prediction: Ripple, NEO & Theta – American Wrap 5 October

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Ripple Price Prediction: XRP only facing one last barrier towards $0.30

XRP is finally showing signs of recovery after a massive breakout from an important pattern formed on the daily channel. Several technical indicators are showing that XRP could be poised to hit $0.30 in the short-term.

NEO Price Prediction: NEO is on the verge of a significant price explosion

NEO is down 12% since the beginning of October and continues trading inside a downtrend. Despite the launch of Flamingo, a decentralized finance protocol built on top of NEO’s blockchain, the price of the digital asset has continued to drop.

Theta Price Prediction: THETA aiming to hit a new all-time high at $0.80

For the most part, THETA has been flat and trading sideways from 2018 until February 2020. In the last seven months, THETA has managed to see a vast $600 million growth in market capitalization.

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FXStreet Team

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Ripple nears lifeline support as macro risks intensify

Ripple continues to face significant selling pressure, sliding below $1.10 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East, especially as the US and Iran continue to offer conflicting accounts of the nuclear discussions.

Cardano vulnerable to deeper losses amid SecondFi exploit

Cardano price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days. The exploitation of the Cardano ecosystem’s SecondFi wallet-generation software, resulting in a loss of about 16 million ADA, weighs on retail strength.

Bitcoin struggles as institutional demand remains weak

Bitcoin remains under pressure, trading around $62,700 on Wednesday after losing 2% the previous day. Persistent institutional selling, with spot Exchange Traded Funds (ETFs) recording outflows on Tuesday, continues to weigh on BTC.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.