Cryptocurrencies Price Prediction: Ripple, Bitcoin and Shiba Inu – European Wrap 10 January
|XRP price fated to consolidate as investors ditch Ripple for volatile altcoins
XRP price has been stagnating in the same region for quite some time and shows no signs of breaking out. This development is likely to continue while other altcoins have more than doubled in price in the last 10 days. Regardless, investors need to be cautious as a market reversal is likely on the cards for Ripple.
Here’s what Bitcoin price needs to break out of the bear market in 2023
Bitcoin, the largest asset by market capitalization, is currently exchanging hands below the average price investors originally paid for it, a key market watermark known as the ‘Realized Price’ level. The Realized Price (RP) – currently at around $19,700 – in reality provides a dynamic level of support and resistance as bulls will often make a stand at levels where they originally bought, in an effort to push the market back up into ‘profit’. Thus the fact Bitcoin price has slipped below the RP is one sign the market may be nearing a cycle low, however, there may be more blood before the confirmation signal for bulls to go long is given.
Binance holds 91.57 trillion Shiba Inu tokens, ranks SHIB as one of the most watched cryptos of the year
Binance, the world’s largest cryptocurrency exchange by volume has added 91.57 trillion SHIB tokens to its holdings, across four wallets. Data from crypto intelligence tracker Etherscan.io shows the crypto exchange platform’s dominance in Shiba Inu holdings when compared to Crypto.com, KuCoin, Huobi and Bybit.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.