Cryptocurrencies Price Prediction: XRP, BlackRock & Cryptos – American Wrap 18 January

FXStreet Team FXStreet

XRP price recovery rally slips away despite Ripple CEO saying Spot ETFs validate crypto

Ripple (XRP) price continues to struggle for the third month in a row after the epic 50% rally that spanned between mid-October and November 6. Meanwhile, Ripple CEO Brad Garlinghouse has remained vocal, this time explaining how spot Bitcoin exchange-traded funds (ETFs) have validated crypto as an industry.

BlackRock holds a third as many Bitcoin as Tether after its spot ETF crosses $1 billion in volume

BlackRock, already the world’s biggest asset manager, has outdone Tether in regard to the pace of accumulation, which has been in the industry since 2014.

The spot Bitcoin ETF race has seen Grayscale leading the pack, but when considering fresh applications, BlackRock stands at the top of the leaderboard. Its rapid pace of expansion is outshining not just competitors but also entities that are not even part of the race, such as Tether.

Bitcoin, Ethereum and XRP hit peak profitability in ongoing cycle amidst altcoin season

Bitcoin price sustained below the $43,000 level despite historically high-risk profit levels, as seen on Santiment. Analysts at the on-chain data intelligence tracker note that once the level of supply in profit (currently above 80%) declines below the 75% mark, it is likely that the asset prices continue climbing.

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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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