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Cryptocurrencies price prediction: XRP, Ether & AI – American Wrap 16 February

Cryptocurrencies price prediction: XRP, Ether & AI – American Wrap 16 February
FXStreet TeamFXStreet TeamFXStreet

AI Crypto Update: Bittensor eyes breakout as AI tokens falter 

The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February. The overall AI crypto market capitalization has contracted to $14.2 billion amid sticky risk-off sentiment. 

XRP stabilizes amid increased inflows and derivatives market activity

Ripple (XRP) is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.

Ether steadies after $540 million sell wave to outperform wider crypto market

The crypto market remains under pressure on Monday despite U.S. equity futures rising by around 0.25% since midnight UTC.

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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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