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Cryptocurrencies Price Prediction: Ripple, Stellar Lumens and Safemoon – European Wrap 9 November

Cryptocurrencies Price Prediction: Ripple, Stellar Lumens and Safemoon – European Wrap 9 November
FXStreet TeamFXStreet TeamFXStreet

XRP price slows down as bulls await proper discount for re-entry

Bitcoin price has been consolidating for more than ten days and shows no signs of a directional bias. BTC collected liquidity and could be primed for a move lower. For now, the altcoins are showing strength as BTC coils up. If BTC crashes, altcoins are bound to take a hit.

XRP/USD daily chart

XLM price teeters on the edge of an 85% breakout

XLM price has been on a massive consolidation phase since October 16 as it failed to shatter an overhead barrier. Stellar is currently making a run at this hurdle and indicates that a breakout will result in an explosive breakout.

XLM/USDT 1-day chart

SafeMoon price ready for an explosive breakout to all-time highs

SafeMoon price is having trouble breaching through crucial barriers as it undergoes correction after a massive upswing. This development is the buy opportunity that the bulls will need before the token decides to double again.

SAFEMOON/USDT 1-day chart

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FXStreet Team

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.

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Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.
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Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

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