Cryptocurrencies Price Prediction: SafeMoon, Ripple & Bitcoin – American Wrap 16 November

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos face market-wide profit-taking

Bitcoin price action remains extended from its weekly Tenkan-Sen, suggesting a retracement is likely to occur. Ethereum price, like Bitcoin, is exposed to significant gaps on its weekly Ichimoku chart. XRP price may surprise market participants by outperforming Bitcoin and Ethereum for the first time in many months.

XRP price momentum shifts to the downside as Ripple bears take over

Ripple (XRP) price is on the back foot for a second day as bulls see their attempts for a pop higher being blocked by the tilted orange upper boundary line. Following the rejection by that and the bounce off the green ascending trend line, bears have now taken control of XRP price action. Expect further downside as bears are dictating for now. Look for proper support levels from which to pick up XRP coins at a discount.

SafeMoon price looks to double as it enters high probability reversal zone

SafeMoon price is taking a break from its steady uptrend as it retraces, breaking crucial support barriers. That said, it is not beyond revival. In fact, SAFEMOON is approaching a high probability reversal zone that is likely to end the downtrend and kick-start a new rally.

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Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe rally on Venezuela’s shadow BTC reserve

Meme coins such as Dogecoin, Shiba Inu, and Pepe are leading the cryptocurrency market rally driven by the US cross-border operation to capture Venezuelan President Nicolás Maduro. Dogecoin extends its gain for the fifth consecutive day while SHIB and PEPE take a pause.

Cardano Price Forecast: ADA breaks above falling wedge, upside constrained by geopolitical risks

Cardano (ADA) steadies above $0.40 at the time of writing on Monday after a decisive close above the falling wedge pattern in the previous week. The derivatives market supports improving sentiment, with ADA’s Open Interest rising and long bets increasing among market participants.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls firmly in control as BTC breaks $93K, ETH and XRP extend gains

Bitcoin, Ethereum, and Ripple extended their rallies on Monday, gaining more than 4%, 6%, and 12%, respectively, in the previous week. The top three cryptocurrencies by market capitalization could continue to outperform, with bulls in control of the momentum.

Top Crypto Gainers: Brett, Bonk, Dogwifhat – Meme coins rally amid US-Venezuela tensions

Meme coins, including Brett (BRETT), Bonk (BONK), and Dogwifhat (WIF), lead the crypto market rally with double-digit gains over the last 24 hours following the US capture of Venezuelan President Nicolás Maduro on Saturday. Technically, meme coins could extend gains as bulls maintain firm control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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