Cryptocurrencies Price Prediction: Ripple, Stellar & Band Protocol – American Wrap 08 Dec

FXStreet Team FXStreet

XRP price is on the verge of a 40% move, but it all depends on two crucial levels

XRP is currently trading at $0.59 and awaits a clear breakout or breakdown in the short-term from a massive symmetrical triangle formed on the 30-minutes chart. The upper and lower trendlines are the most significant resistance and support levels at the time.

Stellar price holds above critical support as technicals suggest it's time to buy the dip

Stellar (XLM) hit a recent top at $0.23 on November 26 and has retreated to $0.16 by the time of writing. The 11th largest digital asset with a current market capitalization of $3.5 billion has lost over 6.5% in the recent 24 hours and 12% on a week-to-week basis.

Band Protocol Price Prediction: BAND bulls aim for a 50% upswing, but a correction may come first

BAND has been trading sideways after its massive 10,000% rally seen earlier in 2020. The digital asset is now going through consolidation and bounded inside an inverse head-and-shoulders pattern, which is on the verge of being broken out.

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Ripple falls below $1.20 despite Africa stablecoin payments push

XRP corrects to trade below $1.20 following early-week rejection at $1.28 and broader crypto market weakness. XRP remains under pressure from declining major moving averages, undermining the MACD buy signal.

Crypto Today: Bitcoin, Ethereum, XRP trim breakout gains as focus shifts to Fed decision

Cryptocurrency prices broadly decline as investors show caution toward risk assets ahead of the Fed's interest rate decision on Wednesday. Bitcoin (BTC) holds around $65,000 after correcting from its Monday high of $67,292.

Ondo Price Forecast: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo price hovers around $0.3700 at press time on Wednesday, maintaining a broader corrective phase under the influence of a resistance trendline. Retail demand for ONDO remains firm, driven by the tokenization trend for traditional stocks and other Real World Assets.

Bitcoin steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin steadies near $66,000 at the time of writing on Wednesday as investors await the Fed’s interest rate decision. Institutional demand shows slight improvement as spot Exchange Traded Funds recorded a mild inflow on Tuesday, after weeks of outflows.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.