Cryptocurrencies Price Prediction: Ripple, SafeMoon and Ethereum – European Wrap 14 June

FXStreet Team FXStreet

How traders can prepare for an 80% crash in XRP price

XRP price is showing strength as it bounces off a stable support level in line with an uptick in bullish momentum and recovery in Bitcoin price. Investors need to tread carefully, however, as the crypto markets are on the precipice of a capitulation move.

What’s next for SafeMoon as 200% gains come undone?

SafeMoon price has been trading inside a tight range formed as the altcoin more than doubled in May. The recent correction undid all of the gains seen over the last two months or so.

Ethereum Price Prediction: RSI extreme oversold levels should provide support to ETH

Ethereum price prediction continues to be a high-risk activity as the second-biggest cryptocurrency continues to fall. ETH price dropped to $1,100 during the Asian trading session on Tuesday and has since bounced back to levels around $1,200 in the European session. The fast pace at which Ethereum price was dropping during the weekend and Monday on a mixture of market-wide risk-off moves and intrinsic issues tide to the problems with Celsius and the Staked Ethereum (stETH) de-peg seems to have faded a bit. In the current crypto market bloodbath, pointing at an alternative scenario is a very risky proposition, but having stated that, a bullish retracement on ETH could be due in the near term as the Relative Strength Index is at oversold levels not seen since 2019, when the main altcoin traded at $120. According to Tony Montpeirous, crypto analyst at FXStreet, ETH price would need to breach $1,570 for bulls to come back with some confidence.

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FXStreet Team

FXStreet

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.

XRP, ADA, and SOL are vulnerable to deeper losses

The top altcoins, including Ripple, Cardano and Solana, are trading in the red as the broader cryptocurrency market faces downside pressure. The bearish pressure aligns with Citadel Securities' anticipation of a surprise Fed rate hike, which could reduce liquidity in high-risk assets, including crypto assets.

XRP and XLM extend correction as bearish pressure builds

Ripple and Stellar remain under pressure on Tuesday after losing over 4% and over 5%, respectively, the previous day. In addition, weakening momentum indicators and deteriorating derivatives metrics suggest sellers remain in control, raising the risk of further downside for both altcoins. Derivatives data shows a slight bearish tilt.

Bitcoin risks losing $63,000 – FET, SHIB lead losses

Bitcoin edges lower on Tuesday, extending its losses of over 2% from the previous day. The broader crypto market suffered nearly $600 million in liquidations over the last 24 hours amid renewed sell-off pressure. Artificial Superintelligence Alliance and Shiba Inu have emerged as the worst-performing crypto assets in the same time period.

Pump.fun surges following rising revenue and social push

PUMP, the native crypto of token launchpad Pump.fun, saw double-digit gains on Monday, rising to nearly $0.00220, its highest level in about 11 weeks, before easing. The recent gains have stretched its 14- and 30-day performance above 38% and 50%, respectively.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.