Cryptocurrencies Price Prediction: Ripple, Zcash & Ethereum – Asian Wrap 6 October

Ripple and Stellar outlook: XRP and XLM weaken as derivatives positioning fades

XRP price trades at $1.4996 on Tuesday after mild losses the previous day. XRP holds a constructive bullish bias as price extends above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) clustered between roughly $1.330 and $1.400, reinforcing a medium-term uptrend structure. The Relative Strength Index (RSI) at about 56 stays in positive territory without being overbought, suggesting buyers still have the upper hand even as the Moving Average Convergence Divergence (MACD) remains slightly negative, hinting at a modest loss of upside momentum after the recent advance.

Zcash Price Forecast: NU7 upgrade sets the stage for ZEC to resume its rally

Zcash (ZEC) hovers around $1,348 at press time on Tuesday, sustaining its mild gains from Sunday. The network upgrade NU7 went live on Monday, boosting transaction speed and redirecting 60% of transaction fees into future rewards. The institutional outflow eased to roughly $3.50 million on Monday, down from $93.56 million last week, suggesting reduced pressure from redemptions. The technical outlook for Zcash indicates an upside bias with a bullish RSI divergence spotted on the 4-hour chart.

Ethereum Price Forecast: BitMine scoops extra ETH tokens following Q3 outperformance

Ethereum (ETH) treasury firm BitMine Immersion continued its buying streak of the top altcoin last week. The firm acquired 15,112 ETH, lifting its holdings to 6.016 million ETH, representing 4.9% of ETH's circulating supply and worth $16.16 billion at the time of writing. That brings the company roughly 98.5% closer to acquiring 5% of ETH's supply, a goal it tags "Alchemy of 5%."