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Cryptocurrencies price prediction: XRP, Pi Network & Bitcoin – American Wrap 16 January

Cryptocurrencies price prediction: XRP, Pi Network & Bitcoin – American Wrap 16 January
FXStreet TeamFXStreet TeamFXStreet

XRP slides below 50-day EMA as selling pressure intensifies

Ripple (XRP) is edging lower toward the pivotal $2.00 level at the time of writing on Friday, marking three consecutive days of declines. The sell-off extends across the crypto market, with Bitcoin (BTC) falling toward $95,000 and Ethereum (ETH) pressing down on support at $3,300.

Pi Network Price Forecast: PI consolidates as momentum shift flashes downside risk

Pi Network (PI) is trading near the $0.2000 psychological support level at press time on Friday, extending its nearly month-long consolidation. Large deposits over centralized exchanges accepting PI tokens suggest a sell-side bias among holders. Technically, Pi Network flashes downside bias as the MACD indicator inches toward a bearish crossover.

Bitcoin consolidates, dash outperforms in quiet crypto session: Crypto markets today

Volatility in the crypto market came to a grinding halt on Friday with all of the major CoinDesk indexes moving by less than 1% 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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