Cryptocurrencies Price Prediction: Ripple, Swipe and Bitcoin – European Wrap 29 July

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: XRP in a league of its own as BTC and ETH pull back

Bitcoin price is currently showing signs of retracement after a second attempt to rally higher. Ethereum price tried following in BTC’s footsteps but lacked momentum. On the other hand, Ripple price is paving its way, but it might fall in line soon.

Ethereum price tries to imitate BTC but falls short of momentum

Ethereum price attempted to form a higher high above the July 26 swing high at $2,433 but failed. This failure reveals that ETH was overbought and due for a retracement down to $2,174 or $2,018. While a pullback seems likely, market participants should note that a breakdown of $2,018 will invalidate the bullish thesis.

Institutional interest in Bitcoin is on the rise, BTC may test $50,000

An increasing percentage of the BTC supply has not moved in over a year, and there is a decrease in Bitcoin available on exchanges. The drop in the Grayscale Bitcoin Trust shares (GBTC) discount has revived institutional demand in Bitcoin.

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

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

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

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.