Cryptocurrencies Price Prediction: Ripple, PI & Bitcoin – Asian Wrap 26 June
XRP clings to $1 as long liquidations deepen bearish trend
Ripple (XRP) trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours. In addition, derivatives metrics continue to favor the bears. The technical outlook suggests that XRP's next directional move depends on whether the key $1 support level holds.
Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope
Pi Network (PI) price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes. The technical outlook for PI is mixed as the prevailing bearish trend continues to weigh down on price.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC slides to a fresh yearly low, ETH breaks down, XRP signals more losses
Bitcoin price trades at $59,818 on Friday, recovering slightly after reaching a fresh yearly low of $58,115 on the previous day. BTC is maintaining a bearish near-term bias and remains well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $67,863, $71,246, and $77,115, respectively.
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