Cryptocurrencies Price Prediction: Bitcoin, DeFi & Ripple – American Wrap 17 January


Bitcoin price still underwater as Grayscale moves $1.35 billion worth of BTC to Coinbase since spot ETF assent

Bitcoin (BTC) price slipped below the confines of an ascending parallel channel, which has been the governing chart pattern since around mid-October when the cryptocurrency market turned bullish. It comes after the January 12 crash, following revelations that Grayscale Bitcoin Trust (GBTC) was dumping.
Recent research by on-chain aggregator IntoTheBlock shows that the majority of exploits in the decentralized finance (DeFi) space are the result of unaudited projects. With this, the study concludes that while an audit may not guarantee safety, it should certainly be a minimum requirement for DeFi protocols.
 

SBI Holdings is an ally of cross-border payment remittance firm Ripple. The firm unveiled plans to issue Non-Fungible Tokens (NFT) assets on the XRPL chain, according to a document from a recent meeting. 

XRP price has been in a downward trend that started in November 2023. The altcoin’s recovery is likely to be catalyzed by bullish developments in the ecosystem. 

XRP/USD

Overview
Today last price 0.5696
Today Daily Change -0.0061
Today Daily Change % -1.06
Today daily open 0.5757
 
Trends
Daily SMA20 0.5914
Daily SMA50 0.6114
Daily SMA100 0.5956
Daily SMA200 0.5827
 
Levels
Previous Daily High 0.5798
Previous Daily Low 0.566
Previous Weekly High 0.6236
Previous Weekly Low 0.5447
Previous Monthly High 0.6989
Previous Monthly Low 0.5778
Daily Fibonacci 38.2% 0.5712
Daily Fibonacci 61.8% 0.5745
Daily Pivot Point S1 0.5679
Daily Pivot Point S2 0.56
Daily Pivot Point S3 0.5541
Daily Pivot Point R1 0.5817
Daily Pivot Point R2 0.5876
Daily Pivot Point R3 0.5954

 

 


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