Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 26 August
Ripple rebounds as whales accumulate 460 million XRP
Ripple (XRP) holds above $1.40 support on Wednesday, as bulls return to take control following three consecutive days of declines. The remittance token’s upside appears capped at $1.50 while extended gains would face additional resistance at $1.70. A break above $2.00 would mark a potential regime shift from bearish to bullish.
Ripple and Stellar Outlook: XRP and XLM defend key levels, but recovery lags
Ripple (XRP) and Stellar (XLM) are showing signs of stability on Thursday, after defending key support levels at $1.40 and $0.18, respectively. This stability comes against a backdrop of XRP’s 72% rally, which tagged $1.70 last week, and XLM’s 47% rally to $0.22. Holding above the immediate support levels would reinforce the bullish outlook and increase the odds of a renewed uptrend.
Bitcoin experts prefer this defined-risk strategy for the next leg higher in prices
Missed Bitcoin’s initial climb to $80,000 and looking for a smart way in? Industry experts favor a defined-risk strategy known as call spreads for the next leg higher.
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