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Cryptocurrencies price prediction: XRP, Aptos & Cryptos – American Wrap 08 May

Cryptocurrencies price prediction: XRP, Aptos & Cryptos – American Wrap 08 May
FXStreet TeamFXStreet TeamFXStreet

XRP bulls defend key support despite cooling ETF, derivatives demand

Ripple (XRP) appears to have found support at $1.38 on Friday, after a significant correction following its weekly high at $1.47, tagged on Wednesday. The remittance token shows subtle rebound signals, aiming for a short-term breakout above the $1.40 supply threshold.

Crypto Today: Bitcoin, Ethereum, XRP extend correction as risk-off sentiment weighs

Bitcoin (BTC) is correcting for the second consecutive day, trading below the pivotal $80,000 threshold on Friday. The Crypto King started the week on a bullish note, alongside major cryptocurrencies such as Ethereum (ETH) and Ripple (XRP). The path of lease resistance shifted downward after rejection at $82,850 by mid-week.

Aptos Price Forecast: Rally extends to fourth day amid $50 million commitment for ecosystem development

Aptos (APT) trades above $1.00 on Friday, extending a four-day rally and retesting levels not seen since the end of March amid the announcement that the Aptos Foundation and AptosLabs have committed over $50 million to infrastructure development. 

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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.

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Ripple recovery gains traction as ETF inflows return

Ripple recovery gains traction as ETF inflows return

Ripple edges higher, trading around $1.54 at the time of writing on Friday as bullish pressure intensifies across the crypto market. This recovery from weekly lows of $1.47 underscores growing appetite for crypto assets and the shift in market sentiment.

Dogecoin eyes $0.10 breakout as broader crypto market recovers

Dogecoin eyes $0.10 breakout as broader crypto market recovers

Dogecoin is up 3% on Friday, hovering above $0.097, with bulls aiming for a breakout above $0.10. DOGE futures Open Interest rises 4% over the past 24 hours, pointing to increased position buildup.

Crypto Today: Bitcoin, Ethereum and XRP gains reinforce bullish outlook

Crypto Today: Bitcoin, Ethereum and XRP gains reinforce bullish outlook

Cryptocurrency prices are broadly recovering on Friday, led by Bitcoin moving above $86,000. Ethereum has reaffirmed its bullish outlook, rising above $2,700 while the immediate area at $2,800 caps upside. Meanwhile, Ripple hovers near $1.54.

Bitcoin Weekly Forecast: Is BTC setting up for an Uptober rally?

Bitcoin Weekly Forecast: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.