Cryptocurrencies Price Prediction: Ripple, Bitcoin & ChainLink – European Wrap 26 April [Video]
|XRP hovers near $0.50 as Ripple CTO addresses concerns related to stablecoin launch
Ripple price (XRP) edges higher near the $0.53 level on Friday. The altcoin is range bound below $0.55 since Tuesday, struggling to break from sticky resistance at this level.
The XRP holder community and crypto experts recently posed questions regarding the altcoin’s utility in Ripple’s On Demand Liquidity (ODL) amid increasing concerns that XRP Ledger’s native token may fall out of use with the stablecoin’s launch set for later this year. Chief Technology Officer (CTO) David Schwartz addressed these concerns in his tweets on X, implying that both coins will have their own use and suggesting that XRP is unlikely to be overshadowed.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Bitcoin price has been hovering above the imbalance on the weekly chart, extending from $59,111 to $53,120, failing to dip into it. As mentioned in previous forecasts, this inefficient zone is key for potential buy-the-dip orders to be triggered. To make the corrective outlook more compelling, investors can observe the set of equal lows formed just above the aforementioned imbalance’s upper limit of $59,111.
ChainLink Elliott Wave technical analysis [Video]
ChainLink/U.S. dollar(LINKUSD)Trading Strategy: The second wave correction is likely to go down to test the 10.585 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend
ChainLink/U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.
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.