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Cryptocurrencies Price Prediction: Ripple, Polygon and Ethereum – European Wrap 21 June

SEC takes a jab after Ripple’s rebuttal while XRP price attempts ill-fated recovery

XRP price shows signs of recovery after nearly ten days of tagging a stable support area. If the buyers get together and trigger a bounce, the upside will be capped due to the presence of multiple blockades.

XRP/USDT 3-day chart

These are the bullish targets for Polygon’s MATIC price rebound

MATIC price shows an interesting development over the last week that has led it to where it is currently trading now. A combination of two key events has led the altcoin to kick-starting a recovery.

MATIC/USDT 4-hour chart

Ethereum price bulls get some relief as Celsius starts re-payments

Ethereum price is trending slightly higher on Tuesday after closing Monday with a Doji candlestick, indicating the start of a potential consolidation period. ETH bulls seeming have been able to finally stabilize somewhat the price action, which had been totally dominated by bears for the past days, weeks, and months. 

tm/eth/6/21/22

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.