Cryptocurrencies Price Prediction: Ethereum Classic, VeChain & Ripple — Asian Wrap 20 May

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Ethereum Classic Price Prediction: ETC eyes 40% upswing after brutal market crash

Ethereum Classic price undid its gains between May 2 and May 6 as it crashed during Wednesday’s trading session. Now, ETC is finding its foothold as it trades above a critical demand barrier. The MRI has flashed a buy signal adding credence to the bullish thesis.

VeChain price meltdown projects months of uncertainty for VET

VeChain price declined 85% from the May 17 high at $0.282 to today’s intra-day low of $0.042, erasing the gains from the beginning of February. It was a radical conclusion that leaves VET in a state of uncertainty for the days and weeks ahead. Simple ABC correction anticipated the bearish outcome.

XRP Price Prediction: Ripple legal clarity could trigger a new rally

XRP price collapsed almost 50% today at the intra-day low but has rebounded to show a decline of 31%. A near-term resolution to the SEC battle, which many believe will be the case, combined with rumors of an IPO following the case’s conclusion, may put Ripple in a solid position to lead the cryptocurrency market over the long term.

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GBP/USD stays weak below 1.3250 on UK politics, PMIs eyed

GBP/USD loses ground below 1.3250 in the European session on Tuesday. Political uncertainty in the United Kingdom continues to weigh on the British Pound, while the US Dollar capitalizes on the risk-off mood and hawkish Fed bets. The UK and US S&P Global preliminary PMI data are next of note for the major.

EUR/USD stays below 1.1450 after weak German PMI data

EUR/USD struggles to stage a rebound and trades below 1.1450 in the European session on Tuesday, after the data from Germany showed that the Composite PMI declined to 48 in June from 48.8 May. Meanwhile, the US Dollar holds the upper hand against the Euro amid risk-off sentiment and a hawkish Federal Reserve stance, leaving the pair on the defensive. Traders now await PMI data for the Eurozone, and the United States.

Gold drops to nearly two-week low, seems vulnerable amid Fed hike bets, bullish USD

Gold adds to its Asian session losses, and drops to a nearly two-week low, around the $4,115 region in the last hour amid a bullish US Dollar. Despite positive signals from US-Iran peace talks, widespread skepticism remains toward a final deal. This helps the USD in preserving its recent strong gains to the highest level since May 2025.

Bears cap Solana below $75 as ETF, retail demand wanes

Solana edges below $72 risking a third consecutive day of losses that could erase the 5% gains from Friday. SOL-focused Exchange Traded Funds reflect muted demand from institutional investors following a minor recovery last week. Meanwhile, retail trading activity hints at a bearish positional buildup.

Big day of PMIs ahead

In the euro area, June flash PMIs are released. Most respondents will likely have answered after the US-Iran deal, yet the impact of lower oil prices is unlikely to already show up in activity data. We expect manufacturing to edge down to 50.9 (May: 51.6), while we expect services to see a modest improvement to 48.8 (May: 47.7).

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.