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Cryptocurrencies price prediction: XRP, HYPE & Cryptos – American Wrap 18 August

Cryptocurrencies price prediction: XRP, HYPE & Cryptos – American Wrap 18 August
FXStreet TeamFXStreet TeamFXStreet

HYPE extends gains as Hyperliquid urges SEC action on pre-IPO futures framework

Hyperliquid (HYPE) retains a broad bullish outlook, trading above $59.00 on Tuesday. The decentralized exchange (DEX) native token marks the second consecutive day of gains as bulls return, eyeing a short-term breakout above $60.00.

XRP extends downtrend to levels last seen in 2024

Ripple (XRP) falls below the immediate $1.00 support level on Tuesday as investors weigh escalating tensions in the Middle East. The remittance token has remained in a bearish trend for most of this year, with losses below $1.00 likely to dominate this week’s trading unless a sustained recovery ensues.

Ethereum’s next upgrade breaks the '21,000 gas' rule wallets rely on

Sending Ether will no longer always carry the same network fee, breaking one of Ethereum's oldest rules of thumb.

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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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XRP holds in bearish trend as Ripple’s Jeonbuk Bank deal fails to lift outlook

XRP holds in bearish trend as Ripple’s Jeonbuk Bank deal fails to lift outlook

XRP remains below the critical $1.00 handle, trading at levels last seen in 2024. The XRP technical structure deteriorates further, with major moving averages declining and limiting recovery potential.

Crypto Today: Bitcoin, Ethereum, XRP falter amid escalating US-Iran tensions

Crypto Today: Bitcoin, Ethereum, XRP falter amid escalating US-Iran tensions

Cryptocurrency prices are broadly correcting on Tuesday, with Bitcoin edging lower toward $64,000. Ethereum shows weakness amid ongoing narrow-range consolidation, while Ripple trades below $1.00, weighed down by falling technical indicators.

Bitcoin holds recent gains above 50-day EMA amid improving momentum

Bitcoin holds recent gains above 50-day EMA amid improving momentum

Bitcoin finds support around the 50-day EMA at around $64,300 on Tuesday after gaining 2.5% the previous day. Middle East tensions continue to weigh on risk sentiment and could limit BTC’s upside.

Pi Network holds steady amid app studio costs surge to push user adoption

Pi Network holds steady amid app studio costs surge to push user adoption

Pi Network extends a consolidation range capped below $0.0900 on Tuesday, holding above the $0.0839 support level. PI token remains under pressure as the Core Team pushes for real user adoption by raising costs for AI-powered app creation, effective from August 24.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.