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Cryptocurrencies Price Prediction: Ripple, Pi Network & Bitcoin – European Wrap 10th November

Cryptocurrencies Price Prediction: Ripple, Pi Network & Bitcoin – European Wrap 10th November
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Ripple Price Forecast: XRP sell-off persists as $1.00 support level beckons

Ripple (XRP) sustains downside pressure, slipping below $1.00 at the time of writing on Tuesday. The path of least resistance remains firmly downward, as the token’s upside is capped by downtrending technical indicators. 

XRP mirrors the broader crypto market’s weakness, with Bitcoin (BTC) falling below $75,000. This has persisted for the sixth straight day, aligning with risk-off sentiment driven by macro uncertainties and other factors.

XRP

Pi Network Price Forecast: PI rebounds from record lows, exits oversold territory as momentum improves

Pi Network (PI) shows a strong recovery on Tuesday, up over 7% after recording its all-time low of $0.0624 the previous day. PI token’s appeal in the derivatives market shows minor improvement, with Open Interest rising to $6.21 million. The technical outlook for PI remains mixed, with the price still capped below a long-term resistance trendline. 

Pi Network shows signs of regaining ground in the derivatives market. Blockworks data shows the PI token Open Interest (OI) rises to $6.21 million, from $5.89 million the previous day, indicating a near-term positional buildup and a firm rebound in sentiment. 

PI

Bitcoin Price Forecast: BTC slips below $75,000 ahead of US CPI data

Bitcoin (BTC) remains under pressure, trading below $75,000 on Tuesday after closing below the key technical support zone last week. Institutional demand remains mixed, with Exchange Traded Funds (ETFs) continuing to record outflows while Strategy (MSTR) added 1,036 BTC to its treasury. 

Meanwhile, traders are now focused on the upcoming US October Consumer Price Index (CPI) data on Tuesday, which could influence Federal Reserve (Fed) rate-hike expectations and trigger fresh volatility in the Crypto King.

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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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Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin fell below $75,000 on Tuesday, after recording its lowest weekly close since August as selling pressure pushed recent buyers into losses. Short-term holders are approaching their break-even levels, while realized losses have increased relative to profits, according to Monday’s Glassnode Market Pulse.

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol shows resilience above $3.50 on Tuesday, following the previous day’s rebound from the $3.40 support level. Muted institutional investor interest and a steady decline in retail demand, along with a negative Coinbase premium and outflows from NEAR futures, weigh on the AI token.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple (XRP) and Stellar (XLM) remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.