Cryptocurrencies Price Prediction: Ripple, Shiba Inu and Cardano – European Wrap 25 August

FXStreet Team FXStreet

Three reasons why XRP price could double in a few days

XRP price has been on an impressive upswing over the past month. While most altcoins are retracing, Ripple has managed to stay afloat without intense drawdowns.

Shiba Inu prepares for further losses as SHIB bulls lose control

Shiba Inu price has suffered a 22% drop from its swing high on August 17 as it continues to lose momentum. Although the SHIB offered an indecisive outlook with the recent technical pattern emergence, the canine-themed token is headed lower following a break below a key support level.

Cardano Price Prediction: ADA retracement could lead to new all-time high above $3

Cardano price is currently experiencing a sell-off after setting up a new all-time high on August 23. This downswing is likely to extend to find a stable support barrier before contemplating a new uptrend.

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FXStreet Team

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Top 3 Price Prediction: BTC recovers, Ethereum clings to support, XRP consolidates

Bitcoin, Ethereum and Ripple begin the week on a steadier footing after correcting by nearly 4%, 2%, and 6% respectively, in the previous week. BTC is attempting a modest recovery, trading above $64,500 on Monday, while ETH continues to defend the crucial $1,700 support level.

Aave founder outlines plan to bring multi-trillion-dollar securities market onchain with V4

Lending protocol Aave founder Stani Kulechov revealed a proposal to bring the multi-trillion-dollar securities market onto blockchain infrastructure, according to a blog post on Friday.

Ethereum Price Forecast: Impending funding crisis could put Ethereum at risk

Ethereum developers could face a "slow-burning funding crisis" in the coming months following the depletion of the Ethereum Foundation treasury and the expiration of the Client Incentive Program, according to former EF contributor Trent VanEpps.

Bitcoin's weakening sell pressure hints at possible market bottom — CryptoQuant

Bitcoin (BTC) may be approaching the final stages of its current correction as selling pressure eases, according to a CryptoQuant report on Thursday. The report noted that the current phase of realized losses differs significantly from the first major sell-off earlier this year. The data suggests that many panic sellers may have already exited the market.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.