Cryptocurrencies Price Prediction: Ripple, Stellar & GRAM – Asian Wrap 04 August

FXStreet Team FXStreet

Top Altcoins Price Forecast: Ripple nears triangle breakout while Cardano, Hyperliquid rebound

XRP maintains a mixed tone on the daily chart, trapped between two converging trendlines forming a symmetrical triangle pattern. At the time of writing, XRP trades above the rising support trend line around $1.0510, but the nearby downward resistance trend line at $1.1123, reinforced by the 50-day Exponential Moving Average (EMA) at $1.1194, suggests the price remains capped within a broader corrective structure.

Ripple and Stellar outlook: XRP and XLM steady as derivatives data points to easing downside pressure

XLM price trades at $0.170 on Tuesday, keeping a bearish near-term bias as price holds below the 50-day, 100-day and 200-day EMAs clustered between $0.183 and $0.195. The pair is also trading beneath the 78.6% Fibonacci retracement at $0.173 and the nearby horizontal barrier at $0.177, while the RSI around 39 and a negative MACD reading hint at lingering downside pressure rather than an immediate recovery. On the topside, initial resistance is seen at the 78.6% Fibonacci retracement at $0.173, followed by the horizontal cap at $0.177, with the 50-day and 100-day EMAs at $0.183 and $0.184 reinforcing a broader supply zone ahead of the 200-day EMA at $0.195 and the 61.8% Fibonacci retracement at $0.200.

Crypto Overview: GRAM declines as iOS removes Telegram, SOL rises on new catalysts

Telegram has been removed from the iOS App Store worldwide, while neither Apple nor Telegram has issued an official statement. The GRAM token is down 3% at press time on Tuesday, after briefly dropping to $1.29 early in the day. From a technical perspective, GRAM shows a contracting price trend, forming a falling wedge pattern on the daily chart. The Relative Strength Index (RSI) at around 37 indicates firm bearish momentum, with further downside room before reaching oversold conditions.

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XRP approaches key support as risk-off sentiment deepens

Ripple (XRP) is trading at $1.06 on Monday, maintaining its position within a broader bearish trend. The token’s technical outlook continues to deteriorate, pressured by declining retail participation. Appetite for risk assets remains lethargic, as reflected in the Fear & Greed Index, which is embedded in the Fear territory at 28.

Crypto Today: Bitcoin, Ethereum, XRP extend decline amid renewed risk-averse sentiment

The cryptocurrency market remains weak on Monday, with Bitcoin (BTC) falling toward the nearest $62,000. Ethereum (ETH) and Ripple (XRP) reflect the sell-off across altcoins, edging lower toward $1,800 and $1.05, respectively. Risk appetite remains subdued, as the Fear & Greed Index holds steady at 28, deep within Fear territory.

The Bitcoin futures yield collapse: Once over 20%, now less than Treasury notes

Once a goldmine for carry traders, Bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February. Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchanges during the 2021 bull market. The strategy involved shorting Bitcoin futures while simultaneously buying a spot exchange-traded fund (ETF).

The crypto market is moving in the opposite direction to equities

The crypto market’s market capitalisation has fallen by 1% over the past 24 hours, returning to levels last seen in mid-July. The positive momentum the market showed in the first half of last week failed to take hold. Once again, we are seeing a negative correlation with the Nasdaq 100 index, this time in the form of falling cryptocurrencies while shares rise. Could this be becoming the new norm?

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.