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Cryptocurrencies price prediction: XRP, Cardano & Bitcoin – American Wrap 16 December

Cryptocurrencies price prediction: XRP, Cardano & Bitcoin – American Wrap 16 December
FXStreet TeamFXStreet TeamFXStreet

Cardano Price Forecast: ADA edges lower, weighed down by dwindling retail demand

Cardano (ADA) is trading under pressure at the time of writing on Tuesday, as sellers remain dominant in the broader cryptocurrency market. The smart contract token’s recovery potential has remained a pipe dream since the October 10 flash crash, despite support at $0.3707-$0.3775 holding steady.

XRP under pressure as retail interest wanes despite steady ETF inflows

Ripple (XRP) is finding footing above $1.90 at the time of writing on Tuesday after a bearish wave swept across the broader cryptocurrency market, building on persistent negative sentiment.

Bitcoin falls with NFP in focus

Bitcoin trades lower on Tuesday, falling 3% over the past 24 hours to 87k amid cautious trading ahead of key U.S. data points that could affect the Fed’s rate path. 

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FXStreet Team

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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CFTC Chairman pushes for crypto regulations as agency seeks public comments on proposed rules

CFTC Chairman pushes for crypto regulations as agency seeks public comments on proposed rules

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Ripple and Stellar outlook: XRP and XLM weaken as derivatives positioning fades

Ripple and Stellar outlook: XRP and XLM weaken as derivatives positioning fades

Ripple and Stellar face pressure trading below $1.499 and $0.220, respectively, after a modest correction at the start of the week. Traders should be cautious as weakening derivatives metrics and fading bullish momentum suggest further corrections for XRP and XLM. Derivatives data shows a weakening and cautious signal among traders.

Zcash Price Forecast: NU7 upgrade sets the stage for ZEC to resume its rally

Zcash Price Forecast: NU7 upgrade sets the stage for ZEC to resume its rally

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Ethereum Price Forecast: BitMine scoops extra ETH tokens following Q3 outperformance

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Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

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