Cryptocurrencies Price Prediction: Stellar, Algorand & XRP – American Wrap 29 November

FXStreet Team FXStreet

Stellar Price Forecast: Eyes for further gains as bounces off support level and bullish on-chain metrics

Stellar (XLM) experienced a pullback in the first half of the week but recovered in the second half and is trading around $0.54 on Friday, after rallying more than 170% and reaching levels not seen in over three years in the previous week. This bullish outlook is further supported by rising Open Interest (OI) and Total Value Locked (TVL) to record levels, indicating a further rally.

Algorand reaches fresh two-year high supported by bullish on-chain metrics

Algorand (ALGO) extends its gains and trades higher by more than 15% at the time of writing on Friday, breaking above the year-to-date high of $0.33 established in March and reaching levels not seen in over two years, after rallying 54% the previous week. On-chain data support for the bullish outlook is strong, as ALGO’s Open Interest (OI) and Total Value Locked (TVL) are rising to record levels, indicating a further rally in the upcoming days.

XRP soars, while Ethereum faces selling pressure

The crypto market is showing overall growth, with a total cap of $3.32 trillion (+0.5% in 24 hours). However, bitcoin is barely rising, with Ethereum down 3% from Thursday's peak, while XRP is up around 9% after hitting 2021 highs at the peak of the day's momentum.

Author

FXStreet Team

FXStreet

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.

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.