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Cryptocurrencies price prediction: Bitcoin Cash, Ripple & Ethereum Classic - Asian Wrap 03 Sept

Cryptocurrencies price prediction: Bitcoin Cash, Ripple & Ethereum Classic - Asian Wrap 03 Sept
FXStreet TeamFXStreet TeamFXStreet

BCH/USD technical analysis: Bitcoin Cash breaks long term trendline from the on 4-hour chart

Bitcoin Cash is trading 4.4% higher today as general crypto sentiment carries all the major cryptocurrencies higher. The 4-hour timeframe has a trendline originating on 26th June, with a downtrend that spanned a full two months. 

Ripple market overview: PNC bank formally joins RippleNet, XRP/USD breaks above downward trending line

A division of PNC bank had officially joined RippleNet to tap its blockchain solution for cross-border payments and settlements. PNC Treasury Management will be using Ripple’s technology to process international payments. This is a prominent indication of the use of blockchain in mainstream finance.

ETC/USD technical analysis: Ethereum is trading nearly 8% higher as we head to the Asian session

Ethereum Classic is having a great session today rising nearly 8% in line with the general positive crypto sentiment (1-hour chart above). ETC/USD has stopped ahead of the psychological 7.000 level as sellers come in to slow momentum.

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XRP rises as ETF inflows persist, but low retail demand may limit recovery

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Ripple is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin, which has crossed above the pivotal $70,000 level, and Ethereum, which is holding above $2,000.

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