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Cryptocurrencies Price Prediction: Ripple, WIF & Bitcoin – European Wrap 23 May

Cryptocurrencies Price Prediction: Ripple, WIF & Bitcoin – European Wrap 23 May
FXStreet TeamFXStreet TeamFXStreet

Ripple prepares for SEC lawsuit outcome, XRP climbs past $0.51

Ripple (XRP) holders are debating the impact of the Financial Innovation and Technology for the 21st Century Act, or FIT21 on the Securities and Exchange Commission (SEC) vs. Ripple lawsuit. The outcome of the lawsuit could act as a market mover for XRP Ledger’s native token XRP’s price and affect the payment remittance firm’s institutional sales of XRP token. 

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Whales take profit on WIF holdings, meme coin wipes out nearly 20% gains from May top

Dogwifhat (WIF) price wiped out 20% gains since its May peak of $3.6799. The meme coin overcame resistance at $2.90 on May 22, the Solana-based asset could attempt another recovery as the category rallies in the past 24 hours. 

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Bitcoin prepares for $100K hike

The crypto market is quiet, hovering around a total capitalisation of $2.6 trillion for the third day. Bitcoin has so far failed to gain a foothold above $70K, and this is curbing the enthusiasm. It is losing 0.3% in 24 hours against Ethereum's 0.6% rise.

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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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Dogecoin Price Forecast: Bullish divergence, whale accumulation support recovery hopes

Dogecoin Price Forecast: Bullish divergence, whale accumulation support recovery hopes

Dogecoin shows early signs of a potential recovery, trading near $0.070 at the time of writing as bullish momentum divergence suggests selling pressure may be fading. In addition, whale accumulation and improving derivatives metrics suggest a bullish outlook, hinting at a potential recovery ahead.

Top Altcoins Price Forecast: Ripple hits 20-month low as Cardano and Solana lack momentum

Top Altcoins Price Forecast: Ripple hits 20-month low as Cardano and Solana lack momentum

Top altcoins, including Ripple, Cardano, and Solana, are maintaining a bearish tone as the broader market remains risk-averse. XRP is down to a 20-month low, risking a drop below the $1.00 psychological threshold, while ADA and SOL risk losing their recent gains amid a lack of upside momentum.

Ripple and Stellar outlook: Remain under pressure as bearish bias extends

Ripple and Stellar outlook: Remain under pressure as bearish bias extends

Ripple and Stellar remain under pressure after falling slightly the previous day. XRP gravitates toward the key $1.00 psychological level while XLM slips below the critical support zone. Weakening derivatives metrics for both altcoins cap recovery outlook. Derivatives data shows a bearish bias among traders.

Crypto Market Overview: Bitcoin softens on institutional selling – CRV, ICP outperform

Crypto Market Overview: Bitcoin softens on institutional selling – CRV, ICP outperform

The broader cryptocurrency market shows mixed sentiment as Bitcoin (BTC) drops to $64,000 under institutional selling pressure. The Fear and Greed Index at 37, down from 40 the previous day, signals renewed bearish pressure. Meanwhile, Curve DAO (CRV) and Internet Computer (ICP) continue to extend their gains so far this week, emerging as top performers over the last 24 hours.
Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.