Cryptocurrencies Price Prediction: Bitcoin, Ripple and Shiba Inu – European Wrap 19 October

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets continue to chop

Bitcoin price has shown no signs of slowing down since it began its sell-off on October 18. There is a high chance this trend will continue until BTC finds a stable support level. Until this happens, investors should be open to seeing Ethereum, Ripple and other altcoins also shed weight. 


BTC/USD 8-hour chart

Ripple price action sours as UK inflation reminds traders of bigger picture

Ripple (XRP) price action has already printed 5% losses over the past two days as price action slips back below $0.48 in what turned out to be a bull trap. The week started on a high note, with strong earnings and stock markets rallying firmly higher. Unfortunately, reality kicked in again this morning as UK inflation numbers printed a new record high, putting pressure on the BoE to address the inflation with more aggressive rate hikes, which in turn could spark a severe recession as a massive wave of defaults  hits the already battered UK economy.

 XRP/USD Daily chart

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