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Cryptocurrencies Price Prediction: Ripple, PUMP & Crypto – European Wrap 19 August

Ripple Price Forecast: XRP clings to $1.00 support level amid declining exchange balance

Ripple (XRP) regains support at $1.00 on Wednesday, following the headwinds experienced the day before. Near-term support around $0.99 encouraged investors to reengage, supported by the return of inflows into spot Exchange-Traded Funds (ETFs).

A steady recovery above this level is required to reclaim a key descending trendline break area around $1.06 and the 50-day Exponential Moving Average (EMA) as support to reinforce the bullish grip.

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Pump.fun Price Forecast: Bullish signs support long-term upside

Pump.fun (PUMP) is down 3% on Wednesday, easing after nearly 13% gains the previous day. PUMP derivatives point to increasing leverage-driven demand as Open Interest rises to a seven-month high of $258.62 million. Network data shows that Total Value Locked (TVL) has hit a record high of 3.34 million SOL, indicating a steady rise in user adoption.

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Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return

Bitcoin’s (BTC) upside remains capped on Wednesday while the downside appears strongly supported above $64,000. The Crypto King’s early week rebound lost momentum near $65,000 as investors assessed the impact of geopolitical tensions in the Middle East.

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FXStreet Team

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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Crypto Overview: Bitcoin remains vulnerable – Venice, Sky extend gains

Bitcoin hovers above $64,000 facing persistent headwinds amid hopes of a potential bullish reversal. Crypto market sentiment shows early signs of shifting away from risk-averse conditions, while Venice Token (VVV) and SKY are leading gains over the past 24 hours.

Top 3 Price Prediction: BTC breaks 50-day EMA, ETH near critical resistance, XRP hints mild recovery

Bitcoin shows early signs of recovery, trading around $63,400 after a 2.9% gain and a close above key resistance earlier this week. Ethereum continues to trade sideways, nearing the upper consolidation range near $1,919, where a close above this level suggests a rally ahead.

Ethereum Price Forecast: Investors remain on the sidelines

Ethereum continued its consolidation pattern over the past week with several key on-chain and derivatives metrics indicating traders remain hesitant to return to the market. The holdings across several wallet cohorts remained largely unchanged over the past week. Wallets holding 10K-100K ETH, also classified as whales, saw modest inflows of only 10K ETH.

SEC proposes 'Regulation Crypto Assets' to clarify fundraising rules for crypto firms
The US Securities and Exchange Commission (SEC) on Tuesday proposed "Regulation Crypto Assets," a new regulatory framework for certain crypto asset investment contracts. The proposal outlines exemptions that would allow eligible issuers to raise capital without registering offerings under the Securities Act.
Bitcoin: Hormuz uncertainty clouds BTC outlook
Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.