Cryptocurrencies Price Prediction: XRP, ImmutableX & Crypto – European Wrap 19 March

FXStreet Team FXStreet

XRP trades with modest losses below key $0.60 level

XRP price dropped closer to its psychologically important support level at $0.60 on Tuesday amidst a steep correction in the crypto ecosystem. Most of the top 30 cryptocurrencies by market capitalization have noted a decline in their prices on Tuesday.

ImmutableX price falls sharply as holders sell IMX ahead of $101 million token unlock

ImmutableX (IMX) price is declining sharply despite the rising relevance of gaming and meme coin tokens among traders. The decrease can be attributed to traders positioning ahead of the upcoming token unlock on Friday, which is likely to increase the selling pressure on the gaming token and result in a steeper correction.

Crypto market deepens correction

The crypto market lost 6% in 24 hours to $2.42 trillion. Solana reversed Tuesday's decline, losing 9% in 24 hours - the last of the major altcoins to fall into a correction.

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Ripple ticks up as buyers re-engage

Ripple trends higher at the time of writing on Thursday, trading above $1.12. The cross-border remittance token seeks to erase a persistent downtrend that has weighed on the price since mid-May, as investors navigated geopolitical tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Bitcoin steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum and Ripple, exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.

Bitcoin stages modest rebound ahead of US PPI data

Bitcoin recovers slightly, trading above $62,500 on Thursday after three consecutive days of losses. US-listed spot ETFs recorded outflows of $213.85 million on Wednesday, indicating persistent withdrawals amid renewed US-Iran tensions.

Pi Network: Recovery at risk with 16 million PI tokens ready for unlock

Pi Network edges higher on Thursday after three days of consecutive losses earlier this week, extending the prevailing downtrend since late April. The scheduled unlocking of 16 million PI tokens on Thursday could add pressure to the intraday recovery.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.