Bitcoin (BTC) Price Ahead of Big Move, ripple (XRP) Predictions and More: May 30 Recap
TL;DR
- The price of BTC has been fluctuating between $67,200 and $70,000 lately, currently it stands at $68 thousand. Analysts are predicting a big rise, with some predicting it could reach $150,000 due to the influence of Bitcoin ETFs.
- Ripple‘s XRP is trading around $0.524 with expectations for a significant increase. Key targets are between $1.20 and $1.50, with the critical breakout point at $0.70 to $0.75.
- dogecoin is facing significant resistance between $0.166 and $0.171 but could potentially double if it clears this hurdle.
primary cryptocurrency It has experienced turbulence in the past few days, ranging from $67,200 to over $70,000. It is currently at the level of 68 thousand dollars, increasing by 1%. decrease on daily scale.
Numerous analysts believe that BTC is preparing for another major rally, with some predicting new all-time highs. popular X user Lark Davis recently guess He predicts that the price of the asset will rise to $150,000, while Ethereum (ETH) will reach $15,000.
He defended BTC’s bull run request It will be backed by Bitcoin ETFs, which attract “hundreds of millions” of dollars in inflows each day.
Another bullish analyst is Crypto Rove. WHO requested supply of BTC “available Assuming that “a massive bull market is imminent”, it is gradually decreasing to “the masses”.
On this note, it is important to mention an important mechanism that is an integral part of Bitcoin’s supply system. has a direct impact on Inflation rate: BTC halved. The event, which occurs approximately every four years, cuts miners’ block rewards in half; if the last one event a month ago.
Following the event, BTC production slows by half, making the asset less available and potentially more valuable over time (should demand increase or stay the same). Historically, the process has heralded a major bull run for the leading digital currency and the entire crypto market. For those who want to learn more about the halving, feel free to check out our exclusive video below:
Where Is XRP Going?
Ripple’s native token is relatively stable late hoursIts price varies between 0.52 and 0.53 dollars. It is currently around $0.524, up 2% (according to CoinGecko data). increase on a monthly basis. Despite the consolidation, many industry participants expect a significant revival in the near future.
X users EGRAG CRYPTO and JAVON MARKS are two examples. Old shared A price chart showing that XRP’s recent performance “aligns perfectly” with previous expectations and Fib levels of 0.702 – 0.786. The analyst predicted that the cryptocurrency’s next target will be between $1.20 and $1.50, highlighting the $0.70 – $0.75 range as a “critical exit point.”
JAVON MARKS claimed that the asset was approaching a “major convergence point” and was bullish. “An RSI Pattern that shows the underlying momentum of prices right now.”
The Relative Strength Index (RSI) tracks the pace and magnitude of price changes, ranging from 0 to 100. A ratio above 70 indicates that the asset may be overbought and is facing a price correction. RSI of XRP It is currently at 40 after a significant drop last week.
What about DOGE?
Last but not least, we will: tap on it The largest meme coin in terms of market value – Dogecoin (DOGE). Many analysts recently put the asset on their watch list and predicted new highs under certain conditions.
X user Ali Martinez suggests DOGE faces “significant resistance”“ Between $0.166 and $0.171, approximately 10 billion coins were deposited across 75,000 addresses.
Nebraskangooner also chimed in and predicted “tit-pumping action” soon“ As long as DOGE remains above the critical resistance level at around $0.16. Currently its price is just above this level.
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