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

FXStreet Team FXStreet

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.

Author

FXStreet Team

FXStreet

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.