Cryptocurrencies Price Prediction: Shiba Inu, Ripple and Binance Coin – European Wrap 26 January

FXStreet Team FXStreet

Shiba Inu price to erase half of the losses incurred and tag $0.000028

Shiba Inu (SHIB) has shed around 40% of its value due to concerns in global markets about the FED rate decision this evening against a background of geopolitical turmoil. As trading progresses into the week, investors are starting to look beyond these headwinds and buy into SHIB price action. This could propel SHIB bulls to ramp up price action towards $0.00002782, constituting a gain of 16% .

XRP presents buying opportunity before breakout to $1

XRP price develops a bottom with a possible long entry setup that could generate a substantial spike of over 59%.

Binance Coin price bound for 15% upswing as bulls make a comeback

Binance Coin (BNB) price was able to find a floor at $335 with the monthly S2 monthly support level as an area where bulls were interested in getting involved in the price action. BNB price is now quickly ramping up and squeezing bears out of their entries at $389, which is acting as the weekly high. With the squeeze, a pop is set to unfold towards $452, the first significant level of resistance that could halt the rally near-term.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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