Cryptocurrencies Price Prediction: Ripple, Zcash & Bitcoin – European Wrap 4 September
Ripple Price Forecast: XRP eyes $1.50 breakout despite softening on-chain activity
Ripple (XRP) holds onto a bullish bias, trading near $1.45 at the time of writing on Friday. The remittance token is taking a breather after breaking out from $1.31 to highs at $1.48 the day before, underscoring the return of bulls into the back against the backdrop of a drop from August’s peak of $1.70.
The path of least resistance remains primarily upward, backed by a strengthening technical structure as major moving averages trail the spot price as it rises.
Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand
Zcash (ZEC) rally advances above $1,000 on Friday, maintaining its strong bullish momentum. Institutional demand for Zcash holds firm, with Grayscale’s ZEC-focused Exchange-Traded Fund (ETF) rising to a record high, while its shielded supply has risen to 4.86 million tokens, pointing to growing user demand.
Bitcoin Weekly Forecast: Gearing up for a sharp move
Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.
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