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Cryptocurrencies Price Prediction: Ripple, Solana & Bitcoin — Asian Wrap 16 October

Cryptocurrencies Price Prediction: Ripple, Solana & Bitcoin — Asian Wrap 16 October
FXStreet TeamFXStreet TeamFXStreet

XRP climbs above $0.54 as Ripple announces exchange partners for Ripple USD stablecoin

Ripple (XRP) holds steady above key support at $0.54 on Tuesday as payment remittance firm Ripple makes announcements regarding exchange partners for its stablecoin RLUSD that is in the final stages of its launch.

Solana Price Forecast: SOL risks 12% drop as bankrupt FTX exchange offloads holdings

Solana (SOL) sees a volatile trade on Tuesday, with a whipsaw move in the early American session. After recovering initial daily losses and extending its recent upward move aiming to recapture the $160 level, SOL’s price sharply declined in the last hour. At the time of writing, SOL trades at $151.69, erasing nearly 4% value in the day.

Bitcoin Price Forecast: BTC breaks above $67,000

Bitcoin (BTC) extends its gains on Tuesday, trading above $67,000 after a 5% rally on Monday, driven by robust demand reflected in over $555 million in inflows into US Bitcoin Spot Exchange Traded Funds (ETFs), as well as a Tuesday report from crypto asset trading firm QCP that underscores growing optimism for BTC. This all suggests a potential rally in the coming days.

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XRP edges lower despite record on-chain activity and steady ETF inflows

XRP edges lower despite record on-chain activity and steady ETF inflows

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual Decentralised Exchange had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid struggles to surface above $35 as a local resistance trendline caps the two-day recovery run. Hyperliquid Strategies Inc. (PURR) transfered 12 million HYPE tokens to Hypercore and staked 425,000 tokens, which reflects confidence. 

Cardano builds recovery momentum as sentiment improves

Cardano builds recovery momentum as sentiment improves

Cardano is extending its recovery for the second consecutive day, trading at around $0.4400 at the time of writing on Thursday. If this recovery leg from Monday's $0.3707 level steadies in the coming days, Cardano bulls could push toward a bullish December.

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Bitcoin: BTC steadies as data suggests local bottom

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.